Retirement plan

WATERTOWN EYE CENTER EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN

Name: WATERTOWN EYE CENTER - WATERTOWN EYE CENTER EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN (2019) Form 5500
Creator: WATERTOWN EYE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WATERTOWN EYE CENTER EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN, WATERTOWN EYE CENTER

WATERTOWN EYE CENTEREIN 16-1098769Plan #002PY 2019

1815 STATE STREET - WATERTOWN, NY 136019406315-788-6070

Other plans on this EIN

1 filing

#001Retirement-$1.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.8M

+19.0% from 2018

Total participants

+3.8% from 2018

Average account balance

$35,063

+16.1% from 2018

Annual return

15.71%

+19.86 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.46M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

138.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2818

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 codes2E2F2G2J2T3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$163K

$3630 / participant

Other / not subdivided$163K100.0%

% of EOY assets

5.751%

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

$35,063

$85,171-58.8%

$172,753-79.7%

$72,976-52.0%

Participation rate

97.8%

70.1%+27.7pp

82.6%+15.1pp

69.5%+28.3pp

Annual return

15.71%

27.32%-11.6pp

803.00%-787.3pp

81.02%-65.3pp

Employer contribution / active EE

$3,010

$3,324-9.5%

$5,144-41.5%

$2,440+23.3%

Participant deferral / active EE

$2,001

$3,260-38.6%

$5,198-61.5%

$3,608-44.5%

Admin fee / account holder

$2,017

$5,880-65.7%

$13,956-85.6%

$5,124-60.6%

WATERTOWN EYE CENTER EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WATERTOWN EYE CENTER EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING 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