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 (2022) 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 2022

243 MAIN STREET, SUITE 120 - NEW PALTZ, NY 12561845-255-4696

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-12.8% from 2021

Total participants

0.0% from 2021

Average account balance

$134,641

-12.8% from 2021

Annual return

-15.29%

-28.00 pp from 2021

Benchmarks

See 105,986 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,986 peers

Snapshot2022

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

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

$29K

$3211 / participant

Other / not subdivided$29K100.0%

% of EOY assets

1.951%

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

$134,641

$167,323-19.5%

$143,770-6.3%

$134,493+0.1%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-15.29%

0.47%-15.8pp

-0.04%-15.3pp

418.01%-433.3pp

Employer contribution / active EE

$1,616

$5,619-71.2%

$4,951-67.4%

$4,740-65.9%

Participant deferral / active EE

$6,365

$6,446-1.3%

$5,638+12.9%

$6,400-0.5%

Admin fee / account holder

$2,627

$18,088-85.5%

$14,673-82.1%

$11,425-77.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

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

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion