Retirement plan

NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN & TRUST

Name: NASHUA EYE ASSOCIATES PA - NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: NASHUA EYE ASSOCIATES PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN & TRUST, NASHUA EYE ASSOCIATES PA

NASHUA EYE ASSOCIATES PAEIN 02-0427686Plan #001PY 2020

5 COLISEUM AVE - NASHUA, NH 03063603-882-9800nashuaeye.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.4M

+13.6% from 2019

Total participants

111

-10.5% from 2019

Average account balance

$149,643

+21.3% from 2019

Annual return

18.02%

-3.49 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.12M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$120K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

126

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$866K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.03%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$178

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.2+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$15,585
LEVELIZED COMPENSATION ADVISOR2+ years Service code 15	Recordkeeping	$10,943

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$31K

$352 / participant

Investment mgmt$11K34.9%
Contract admin$19K61.9%
Other / not subdivided$9843.1%

% of EOY assets

0.203%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,643

$91,198+64.1%

$178,503-16.2%

$79,856+87.4%

Participation rate

91.0%

69.2%+21.8pp

81.9%+9.1pp

69.6%+21.4pp

Annual return

18.02%

24.20%-6.2pp

151.12%-133.1pp

31.71%-13.7pp

Employer contribution / active EE

$3,795

$3,257+16.5%

$5,011-24.3%

$2,471+53.6%

Participant deferral / active EE

$4,364

$3,237+34.8%

$5,202-16.1%

$3,741+16.7%

Admin fee / account holder

$304

$6,748-95.5%

$13,987-97.8%

$5,306-94.3%

Provider

Service type

Compensation

PAYCHEX, INC.2+ years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$15,585

LEVELIZED COMPENSATION ADVISOR2+ years

Service code 15

Recordkeeping

$10,943

NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion