Retirement plan

SINGLETON VISION CENTER, P.A. 401-K PROFIT SHARING PLAN

Name: SINGLETON VISION CENTER, P.A. - SINGLETON VISION CENTER, P.A. 401-K PROFIT SHARING PLAN (2021) Form 5500
Creator: SINGLETON VISION CENTER, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SINGLETON VISION CENTER, P.A. 401-K PROFIT SHARING PLAN, SINGLETON VISION CENTER, P.A.

SINGLETON VISION CENTER, P.A.EIN 20-1528057Plan #001PY 2021

3515 TRENT ROAD, 3515 TRENT ROAD - NEW BERN, NC 28562252-514-2155singletonvisioncenter.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.2M

+14.6% from 2020

Total participants

+21.4% from 2020

Average account balance

$127,978

-5.6% from 2020

Annual return

11.11%

-1.63 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

146.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+6.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7373

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$62K

$4404 / participant

Other / not subdivided$62K100.0%

% of EOY assets

2.834%

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

$127,978

$217,432-41.1%

$185,849-31.1%

$167,536-23.6%

Participation rate

100.0%

86.1%+13.9pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

11.11%

148.42%-137.3pp

122.10%-111.0pp

478.82%-467.7pp

Employer contribution / active EE

$6,984

$5,875+18.9%

$5,169+35.1%

$4,839+44.3%

Participant deferral / active EE

$2,154

$6,357-66.1%

$5,569-61.3%

$6,342-66.0%

Admin fee / account holder

$3,627

$19,818-81.7%

$16,244-77.7%

$12,315-70.5%

SINGLETON VISION CENTER, P.A. 401-K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SINGLETON VISION CENTER, P.A. 401-K 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