Retirement plan

SCOTT I. MORRISON, OPT, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Name: SCOTT I. MORRISON, OPT, P.C. - SCOTT I. MORRISON, OPT, P.C. 401(K) PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: SCOTT I. MORRISON, OPT, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCOTT I. MORRISON, OPT, P.C. 401(K) PROFIT SHARING PLAN AND TRUST, SCOTT I. MORRISON, OPT, P.C.

SCOTT I. MORRISON, OPT, P.C.EIN 14-1753666Plan #001PY 2017

243 MAIN ST - NEW PALTZ, NY 125611325845-255-4696

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+25.5% from 2016

Total participants

+8.3% from 2016

Average account balance

$86,029

+15.9% from 2016

Annual return

16.65%

+9.91 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

$1.84M

Not enough data

1 years with asset history on file

Average account balance

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

$263K

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

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5678

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 codes2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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).

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

$86,029

$198,457-56.7%

$170,435-49.5%

$147,586-41.7%

Participation rate

100.0%

88.0%+12.0pp

83.6%+16.4pp

82.8%+17.2pp

Annual return

16.65%

257.30%-240.7pp

205.94%-189.3pp

578.59%-561.9pp

Employer contribution / active EE

$1,115

$6,183-82.0%

$5,432-79.5%

$4,876-77.1%

Participant deferral / active EE

$7,685

$5,629+36.5%

$4,939+55.6%

$5,439+41.3%

Admin fee / account holder

$16,852-100.0%

$13,881-100.0%

$10,886-100.0%

SCOTT I. MORRISON, OPT, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SCOTT I. MORRISON, OPT, 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