Retirement plan

CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Name: CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C. - CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C. 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C. 401(K) PROFIT SHARING PLAN AND TRUST, CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C.

CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C.EIN 14-1627229Plan #002PY 2016

21 LAUREL AVENUE, SUITE 2020 - CORNWALL, NY 125181462845-534-5800LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$1.2M assets

Prospect flagsLow returnsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

No prior year

Average account balance

$564,722

No prior year

Annual return

-13.68%

No prior year

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$794K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

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

-7.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$564,722

$181,896+210.5%

$156,551+260.7%

$273,972+106.1%

Participation rate

100.0%

88.4%+11.6pp

84.0%+16.0pp

83.0%+17.0pp

Annual return

-13.68%

30.74%-44.4pp

32.23%-45.9pp

41.46%-55.1pp

Employer contribution / active EE

$1,785

$6,248-71.4%

$5,501-67.6%

$4,869-63.3%

Participant deferral / active EE

$20,500

$5,550+269.4%

$4,871+320.8%

$5,287+287.7%

Admin fee / account holder

$15,560-100.0%

$13,028-100.0%

$10,133-100.0%

CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CATARACT & LASER EYE SURGEONS OF HUDSON VALLEY, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion