Premier Care Dental Management, LLC 401(k) Review & Grade
Dental365 401(k) Plan
New Hyde Park, NYHealth Care & Social Assistance1,662 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,325Employer $ per active participant
$5,719Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$54.7MNet plan assets, end of year
$31,697Average balance per account
Score breakdown
- Employer generosity37.8 / 5076th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 23th |
| Employee saving | 86th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,994 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Premier Care Dental Management put in about $2,325 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.50% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,864,844 |
| Participant (employee) contributions | $9,508,110 |
| Other contributions (incl. rollovers in) | $3,788,089 |
| Administrative expenses paid from the plan | $223,452 |
| Investment advisory & management fees | $53,497 |
| Benefits paid out | $2,883,884 |
| Net assets, start / end of year | $35.0M / $54.7M |
| Active participants, start / end of year | 1,462 / 1,863 |
| Participants with account balances | 1,725 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Davis, Ward & Hochman, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $169,955 reported compensation |
| Global Retirement Partners LLC | $53,497 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930150209NAL0012438417001, received 2025-09-30, EIN 46-0865358, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.