Retirement plan

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

Name: NASHUA EYE ASSOCIATES, P.A. - NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: NASHUA EYE ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN AND TRUST, NASHUA EYE ASSOCIATES, P.A.

NASHUA EYE ASSOCIATES, P.A.EIN 02-0427686Plan #001PY 2023

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

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$15.2M

+9.8% from 2022

Total participants

131

+10.1% from 2022

Average account balance

$130,197

+8.0% from 2022

Annual return

18.69%

+35.10 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY WORKPLACE SERVICES LLC Service code 14 · EIN 04-3532603	Plan Administrator	$20,961

Plan features & details

Pension benefit codes2J2T2E2F2G3D2R

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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$21K

$206 / participant

Recordkeeping$15K73.2%
Investment mgmt$10.0%
Contract admin$6K26.8%

% of EOY assets

0.137%

all-in expense ratio

Categories reported

3 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,197

$61,356+112.2%

$149,696-13.0%

$71,511+82.1%

Participation rate

86.1%

62.5%+23.6pp

78.8%+7.4pp

67.9%+18.2pp

Annual return

18.69%

35.86%-17.2pp

134.46%-115.8pp

28.86%-10.2pp

Employer contribution / active EE

$3,851

$2,382+61.7%

$4,821-20.1%

$2,589+48.7%

Participant deferral / active EE

$4,025

$2,920+37.9%

$5,682-29.2%

$4,291-6.2%

Admin fee / account holder

$178

$1,263-85.9%

$13,212-98.7%

$1,588-88.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY WORKPLACE SERVICES LLC

Service code 14 · EIN 04-3532603

Plan Administrator

$20,961

NASHUA EYE ASSOCIATES PA 401(K) PROFIT SHARING PLAN AND 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 AND 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