Retirement plan

OPHTHALMOLOGY MEDICAL SERVICE 401 K PROFIT SHARING PLAN TRUST

Name: OPHTHALMOLOGY MEDICAL SERVICE - OPHTHALMOLOGY MEDICAL SERVICE 401 K PROFIT SHARING PLAN TRUST (2018) Form 5500
Creator: OPHTHALMOLOGY MEDICAL SERVICE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPHTHALMOLOGY MEDICAL SERVICE 401 K PROFIT SHARING PLAN TRUST, OPHTHALMOLOGY MEDICAL SERVICE

OPHTHALMOLOGY MEDICAL SERVICEEIN 16-1477355Plan #001PY 2018

550 HARRISON STREET SUITE L - SYRACUSE, NY 13202315-464-8109

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$385K

+18.0% from 2017

Total participants

+10.0% from 2017

Average account balance

$48,115

+3.2% from 2017

Annual return

-4.20%

-20.71 pp from 2017

Benchmarks

See 33,727 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,727 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.85M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$277K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$640

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 codes2E3D2F2T2G2J

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.)
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

$15K

$1541 / participant

Other / not subdivided$15K100.0%

% of EOY assets

4.004%

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

$48,115

$90,606-46.9%

$79,466-39.5%

$135,379-64.5%

Participation rate

70.0%

76.0%-6.0pp

73.3%-3.3pp

82.6%-12.6pp

Annual return

-4.20%

977.69%-981.9pp

718.28%-722.5pp

519.79%-524.0pp

Employer contribution / active EE

$7,880

$3,068+156.9%

$2,800+181.4%

$4,779+64.9%

Participant deferral / active EE

$814

$4,050-79.9%

$3,704-78.0%

$5,609-85.5%

Admin fee / account holder

$1,927

$5,895-67.3%

$5,104-62.3%

$10,828-82.2%

OPHTHALMOLOGY MEDICAL SERVICE 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPHTHALMOLOGY MEDICAL SERVICE 401 K PROFIT SHARING PLAN 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