Retirement plan

EYE CARE NORTHEAST, P.C. 401(K) PLAN

Name: EYE CARE NORTHEAST, P.C. - EYE CARE NORTHEAST, P.C. 401(K) PLAN (2017) Form 5500
Creator: EYE CARE NORTHEAST, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYE CARE NORTHEAST, P.C. 401(K) PLAN, EYE CARE NORTHEAST, P.C.

EYE CARE NORTHEAST, P.C.EIN 06-0950399Plan #003PY 2017

5 KENNEDY DRIVE - PUTNAM, CT 06260860-928-0414LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$1.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+20.0% from 2016

Total participants

+4.0% from 2016

Average account balance

$91,555

+36.3% from 2016

Annual return

14.66%

+20.64 pp from 2016

Benchmarks

See 106,903 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort106,903 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.86M

Not enough data

1 years with asset history on file

Average account balance

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

$197K

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.

235.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4558

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 codes2D2E2F2G2J

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.

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

$50K

$3600 / participant

Other / not subdivided$50K100.0%

% of EOY assets

2.502%

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

$91,555

$198,457-53.9%

$170,435-46.3%

$147,586-38.0%

Participation rate

71.4%

88.0%-16.5pp

83.6%-12.2pp

82.8%-11.4pp

Annual return

14.66%

257.30%-242.6pp

205.94%-191.3pp

578.59%-563.9pp

Employer contribution / active EE

$4,207

$6,183-32.0%

$5,432-22.5%

$4,876-13.7%

Participant deferral / active EE

$4,659

$5,629-17.2%

$4,939-5.7%

$5,439-14.3%

Admin fee / account holder

$2,291

$16,852-86.4%

$13,881-83.5%

$10,886-79.0%

EYE CARE NORTHEAST, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYE CARE NORTHEAST, P.C. 401(K) 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