401k Plan data: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST plan

ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan Name	ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number	001

ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ABSOLUTE DENTAL MANAGEMENT LLC has sponsored the creation of one or more 401k plans.

Company Name: ABSOLUTE DENTAL MANAGEMENT LLC

Employer identification number (EIN): 300889498

NAIC Classification: 621210
NAIC Description: Offices of Dentists

Additional information about ABSOLUTE DENTAL MANAGEMENT LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 5863278

More information about ABSOLUTE DENTAL MANAGEMENT LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01
001 2017-01-01 ANA PRINCE

Plan Statistics for ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2019: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year 2019-01-01 435
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 400
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 75
Total of all active and inactive participants 2019-01-01 475
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 475
Number of participants with account balances 2019-01-01 159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year 2018-01-01 473
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 356
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 72
Total of all active and inactive participants 2018-01-01 428
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 428
Number of participants with account balances 2018-01-01 168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year 2017-01-01 443
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 363
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 73
Total of all active and inactive participants 2017-01-01 436
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 436
Number of participants with account balances 2017-01-01 188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2019: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year	2019-01-01	435
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	400
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	75
Total of all active and inactive participants	2019-01-01	475
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	475
Number of participants with account balances	2019-01-01	159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year	2018-01-01	473
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	356
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	72
Total of all active and inactive participants	2018-01-01	428
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	428
Number of participants with account balances	2018-01-01	168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year	2017-01-01	443
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	363
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	73
Total of all active and inactive participants	2017-01-01	436
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	436
Number of participants with account balances	2017-01-01	188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

Measure	Date	Value
2019 : ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$1,242,809
Total of all expenses incurred	2019-12-31	$267,589
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$232,173
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$573,463
Value of total assets at end of year	2019-12-31	$3,943,053
Value of total assets at beginning of year	2019-12-31	$2,967,833
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$35,416
Total interest from all sources	2019-12-31	$12,186
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Administrative expenses professional fees incurred	2019-12-31	$33,293
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$200,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$462,795
Participant contributions at end of year	2019-12-31	$254,694
Participant contributions at beginning of year	2019-12-31	$214,023
Participant contributions at end of year	2019-12-31	$10,104
Participant contributions at beginning of year	2019-12-31	$33
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$110,668
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$975,220
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$3,943,053
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,967,833
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$2,123
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$3,678,255
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,753,777
Interest on participant loans	2019-12-31	$12,186
Net investment gain/loss from pooled separate accounts	2019-12-31	$657,160
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$232,173
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	METZ & ASSOCIATES
Accountancy firm EIN	2019-12-31	464558541
2018 : ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2018 401k financial data
Total income from all sources (including contributions)	2018-12-31	$452,147
Total of all expenses incurred	2018-12-31	$820,626
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$758,397
Value of total corrective distributions	2018-12-31	$25,300
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$612,219
Value of total assets at end of year	2018-12-31	$2,967,833
Value of total assets at beginning of year	2018-12-31	$3,336,312
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$36,929
Total interest from all sources	2018-12-31	$11,946
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Administrative expenses professional fees incurred	2018-12-31	$36,929
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$200,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$442,107
Participant contributions at end of year	2018-12-31	$214,023
Participant contributions at beginning of year	2018-12-31	$225,858
Participant contributions at end of year	2018-12-31	$33
Participant contributions at beginning of year	2018-12-31	$157
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$170,112
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-368,479
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$2,967,833
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$3,336,312
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$2,753,777
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$3,107,827
Interest on participant loans	2018-12-31	$11,946
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$2,470
Net investment gain/loss from pooled separate accounts	2018-12-31	$-172,018
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$758,397
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	METZ & ASSOCIATES, PLLC
Accountancy firm EIN	2018-12-31	464558541
2017 : ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2017 401k financial data
Total income from all sources (including contributions)	2017-12-31	$1,285,771
Total of all expenses incurred	2017-12-31	$788,181
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$768,175
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$856,414
Value of total assets at end of year	2017-12-31	$3,336,312
Value of total assets at beginning of year	2017-12-31	$2,838,722
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$20,006
Total interest from all sources	2017-12-31	$9,286
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Administrative expenses professional fees incurred	2017-12-31	$20,006
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$200,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$516,126
Participant contributions at end of year	2017-12-31	$225,858
Participant contributions at beginning of year	2017-12-31	$200,089
Participant contributions at end of year	2017-12-31	$157
Participant contributions at beginning of year	2017-12-31	$963
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$340,288
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$497,590
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$3,336,312
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$2,838,722
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$3,107,827
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$2,448,759
Interest on participant loans	2017-12-31	$9,286
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-12-31	$2,470
Net investment gain/loss from pooled separate accounts	2017-12-31	$420,071
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Employer contributions (assets) at beginning of year	2017-12-31	$188,911
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$768,175
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	METZ & ASSOCIATES, PLLC
Accountancy firm EIN	2017-12-31	464558541

Form 5500 Responses for ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST

2019: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: ABSOLUTE DENTAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

108546

Policy instance

Insurance contract or identification number	108546
Number of Individuals Covered	159
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $7,334
Total amount of fees paid to insurance company	USD $3,240
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $7,334
Insurance broker organization code?	3
Amount paid for insurance broker fees	3240
Additional information about fees paid to insurance broker	FEES AND TPA COMPENSATION

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

108546

Policy instance

Insurance contract or identification number	108546
Number of Individuals Covered	183
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Total amount of commissions paid to insurance broker	USD $11,547
Total amount of fees paid to insurance company	USD $10,150
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $11,547
Insurance broker organization code?	3
Amount paid for insurance broker fees	10150

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

108546

Policy instance

Insurance contract or identification number	108546
Number of Individuals Covered	188
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $10,915
Total amount of fees paid to insurance company	USD $5,050
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $10,915
Insurance broker organization code?	3
Amount paid for insurance broker fees	5050
Insurance broker name	LEBENSON ACTUARIAL SERVICES, INC.

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Company Name:	ABSOLUTE DENTAL MANAGEMENT LLC
Employer identification number (EIN):	300889498
NAIC Classification:	621210
NAIC Description:	Offices of Dentists

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	5863278