Retirement plan

RICHARD J. PASKOWSKI & BERNARD H. WEITZ, OPTOMETRISTS, P.C. RETIREMENT TRUST

Name: RICHARD PASKOWSKI, BERNARD H. WEITZ OPTOMETRISTS, P.C. - RICHARD J. PASKOWSKI & BERNARD H. WEITZ, OPTOMETRISTS, P.C. RETIREMENT TRUST (2025) Form 5500
Creator: RICHARD PASKOWSKI, BERNARD H. WEITZ OPTOMETRISTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHARD J. PASKOWSKI & BERNARD H. WEITZ, OPTOMETRISTS, P.C. RETIREMENT TRUST, RICHARD PASKOWSKI, BERNARD H. WEITZ OPTOMETRISTS, P.C.

RICHARD PASKOWSKI, BERNARD H. WEITZ OPTOMETRISTS, P.C.EIN 11-2248211Plan #002PY 2025

48-20 FIFTH AVENUE - BROOKLYN, NY 11220718-439-7070

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8.4M

+12.9% from 2024

Total participants

-13.0% from 2024

Average account balance

$442,995

+24.8% from 2024

Annual return

14.82%

-11.77 pp from 2024

Benchmarks

See 79,137 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort79,137 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.42M

Not enough data

1 years with asset history on file

Average account balance

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

$443K

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.

158.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11868

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 codes2E2F2G2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$225K

$18790 / participant

Other / not subdivided$225K100.0%

% of EOY assets

2.679%

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

$442,995

$172,111+157.4%

$150,298+194.7%

$137,256+222.8%

Participation rate

91.7%

81.7%+10.0pp

77.8%+13.9pp

80.0%+11.7pp

Annual return

14.82%

69.37%-54.6pp

62.79%-48.0pp

220.34%-205.5pp

Employer contribution / active EE

$6,667

$4,636+43.8%

$4,154+60.5%

$4,156+60.4%

Participant deferral / active EE

$6,166-100.0%

$5,453-100.0%

$6,407-100.0%

Admin fee / account holder

$11,868

$16,471-27.9%

$14,116-15.9%

$12,270-3.3%

RICHARD J. PASKOWSKI & BERNARD H. WEITZ, OPTOMETRISTS, P.C. RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHARD J. PASKOWSKI & BERNARD H. WEITZ, OPTOMETRISTS, P.C. RETIREMENT 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