Retirement plan

EAR, NOSE & THROAT ASSOC. OF WORCESTER 401K PLAN

Name: EAR, NOSE & THROAT ASSOC. OF WORCES - EAR, NOSE & THROAT ASSOC. OF WORCESTER 401K PLAN (2020) Form 5500
Creator: EAR, NOSE & THROAT ASSOC. OF WORCES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EAR, NOSE & THROAT ASSOC. OF WORCESTER 401K PLAN, EAR, NOSE & THROAT ASSOC. OF WORCES

EAR, NOSE & THROAT ASSOC. OF WORCESEIN 04-2630706Plan #002PY 2020

P. O. BOX 60678 - WORCESTER, MA 01606508-751-6670LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.7M

+8.6% from 2019

Total participants

-11.1% from 2019

Average account balance

$94,580

+20.7% from 2019

Annual return

4.68%

-21.66 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.02M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$164K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22163

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$29K

$1958 / participant

Other / not subdivided$29K100.0%

% of EOY assets

1.725%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,580

$209,422-54.8%

$178,503-47.0%

$158,982-40.5%

Participation rate

60.0%

86.4%-26.4pp

81.9%-21.9pp

82.0%-22.0pp

Annual return

4.68%

188.81%-184.1pp

151.12%-146.4pp

302.99%-298.3pp

Employer contribution / active EE

$1,890

$5,707-66.9%

$5,011-62.3%

$4,763-60.3%

Participant deferral / active EE

$4,112

$5,955-30.9%

$5,202-21.0%

$5,983-31.3%

Admin fee / account holder

$1,631

$17,079-90.4%

$13,987-88.3%

$11,252-85.5%

EAR, NOSE & THROAT ASSOC. OF WORCESTER 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EAR, NOSE & THROAT ASSOC. OF WORCESTER 401K 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