Retirement plan

AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, INC. PROFIT SHARING PLAN

Name: AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, LLC - AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, INC. PROFIT SHARING PLAN, AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, LLC

AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, LLCEIN 20-1773485Plan #001PY 2022

1550 LONDON AVE. - MARYSVILLE, OH 43040937-553-2020LinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

-25.6% from 2021

Total participants

+3.3% from 2021

Average account balance

$50,843

-28.0% from 2021

Annual return

-18.90%

-46.52 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

172.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25039

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 codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$264K

$17598 / participant

Other / not subdivided$264K100.0%

% of EOY assets

16.747%

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

$50,843

$167,353-69.6%

$143,797-64.6%

$134,545-62.2%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-18.90%

0.48%-19.4pp

-0.04%-18.9pp

418.37%-437.3pp

Employer contribution / active EE

$2,658

$5,620-52.7%

$4,952-46.3%

$4,742-43.9%

Participant deferral / active EE

$4,651

$6,447-27.9%

$5,638-17.5%

$6,401-27.3%

Admin fee / account holder

$8,515

$18,096-52.9%

$14,679-42.0%

$11,431-25.5%

AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGNONE, MORRISON & ASSOCIATES EYE PHYSICIANS & SURGEONS, INC. 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