Retirement plan

D'AMBROSIO EYE CARE, INC. 401(K) PROFIT SHARING PLAN

Name: D'AMBROSIO EYE CARE, INC. - D'AMBROSIO EYE CARE, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: D'AMBROSIO EYE CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, D'AMBROSIO EYE CARE, INC. 401(K) PROFIT SHARING PLAN, D'AMBROSIO EYE CARE, INC.

D'AMBROSIO EYE CARE, INC.EIN 04-3087566Plan #002PY 2024

479 OLD UNION TURNPIKE - LANCASTER, MA 01523978-537-3900dambrosio-eye-care-boston.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.3M

+8.1% from 2023

Total participants

-2.7% from 2023

Average account balance

$121,732

+5.0% from 2023

Annual return

14.43%

-3.63 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.26M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

42.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$212K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14205

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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$497K

$7768 / participant

Other / not subdivided$497K100.0%

% of EOY assets

11.669%

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

$121,732

$81,331+49.7%

$155,534-21.7%

$80,935+50.4%

Participation rate

42.2%

66.3%-24.1pp

78.2%-36.0pp

67.7%-25.5pp

Annual return

14.43%

33.37%-18.9pp

64.92%-50.5pp

35.66%-21.2pp

Employer contribution / active EE

$3,105-100.0%

$4,675-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,317

$3,454-4.0%

$5,630-41.1%

$4,299-22.9%

Admin fee / account holder

$14,205

$7,999+77.6%

$15,900-10.7%

$6,924+105.1%

D'AMBROSIO EYE CARE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

D'AMBROSIO EYE CARE, INC. 401(K) PROFIT SHARING 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