Retirement plan

EYE-BANK FOR SIGHT RESTORATION, INC. 403(B) PLAN

Name: THE EYE-BANK FOR SIGHT RESTORATION, INC. - EYE-BANK FOR SIGHT RESTORATION, INC. 403(B) PLAN (2024) Form 5500
Creator: THE EYE-BANK FOR SIGHT RESTORATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYE-BANK FOR SIGHT RESTORATION, INC. 403(B) PLAN, THE EYE-BANK FOR SIGHT RESTORATION, INC.

THE EYE-BANK FOR SIGHT RESTORATION, INC.EIN 13-1623998Plan #002PY 2024

120 WALL ST, 3RD FLOOR - NEW YORK, NY 100053904212-742-9000eyedonation.orgLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$8.3M

+18.1% from 2023

Total participants

100

+2.0% from 2023

Average account balance

$93,030

+16.7% from 2023

Annual return

13.52%

-0.39 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.28M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

181.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$537K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2551

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 codes2E2F2G2L2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$227K

$4634 / participant

Other / not subdivided$227K100.0%

% of EOY assets

2.742%

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

$93,030

$81,276+14.5%

$155,574-40.2%

$80,925+15.0%

Participation rate

77.6%

66.2%+11.3pp

78.2%-0.7pp

67.7%+9.9pp

Annual return

13.52%

33.36%-19.8pp

64.87%-51.4pp

35.65%-22.1pp

Employer contribution / active EE

$6,395

$3,103+106.1%

$4,676+36.8%

$2,756+132.0%

Participant deferral / active EE

$4,557

$3,453+32.0%

$5,629-19.1%

$4,299+6.0%

Admin fee / account holder

$2,551

$7,993-68.1%

$15,914-84.0%

$6,940-63.2%

EYE-BANK FOR SIGHT RESTORATION, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYE-BANK FOR SIGHT RESTORATION, INC. 403(B) 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