Retirement plan

TALLMAN EYE ASSOCIATES, P.C. 401(K) SAVINGS PLAN

Name: TALLMAN EYE ASSOCIATES, P.C. - TALLMAN EYE ASSOCIATES, P.C. 401(K) SAVINGS PLAN (2019) Form 5500
Creator: TALLMAN EYE ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TALLMAN EYE ASSOCIATES, P.C. 401(K) SAVINGS PLAN, TALLMAN EYE ASSOCIATES, P.C.

TALLMAN EYE ASSOCIATES, P.C.EIN 04-2624483Plan #003PY 2019

360 MERRIMACK ST, BLDG 9, ENTRANCE I - LAWRENCE, MA 01843978-688-6182tallmaneye.comLinkedIn51-200 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.2M

+14.7% from 2018

Total participants

116

-17.7% from 2018

Average account balance

$62,132

+39.4% from 2018

Annual return

18.95%

+25.10 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.68M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

111

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$689K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$623

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
THIRD PARTY ADMINISTRATORS, INC.4 years Service code 17 2 EXECUTIVE PARK DRIVE, SUITE 100 · BEDFORD, NH 03110	Pension Consulting	$3,187
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK LIFE INS. CO. (U.S.A.) Service code 15 · EIN 01-0233346	Recordkeeping	$2,231

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$149 / participant

Contract admin$14K100.0%

% of EOY assets

0.190%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KEVIN P MARTIN & ASSOCIATES, P.C.
Auditor EIN: 043097400
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,132

$85,171-27.1%

$172,752-64.0%

$72,975-14.9%

Participation rate

100.0%

70.1%+29.9pp

82.6%+17.4pp

69.5%+30.5pp

Annual return

18.95%

27.32%-8.4pp

802.97%-784.0pp

81.01%-62.1pp

Employer contribution / active EE

$3,844

$3,324+15.7%

$5,144-25.3%

$2,440+57.6%

Participant deferral / active EE

$3,612

$3,260+10.8%

$5,198-30.5%

$3,608+0.1%

Admin fee / account holder

$118

$5,880-98.0%

$13,955-99.2%

$5,124-97.7%

Provider

Service type

Compensation

THIRD PARTY ADMINISTRATORS, INC.4 years

Service code 17

2 EXECUTIVE PARK DRIVE, SUITE 100 · BEDFORD, NH 03110

Pension Consulting

$3,187

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK LIFE INS. CO. (U.S.A.)

Service code 15 · EIN 01-0233346

Recordkeeping

$2,231

TALLMAN EYE ASSOCIATES, P.C. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TALLMAN EYE ASSOCIATES, P.C. 401(K) SAVINGS PLAN

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