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 (2023) 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 2023

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

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+30.6% from 2022

Total participants

+38.7% from 2022

Average account balance

$47,874

-5.8% from 2022

Annual return

22.21%

+41.11 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

1 tripped

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

$4K

$159 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.193%

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

$47,874

$77,920-38.6%

$149,723-68.0%

$75,177-36.3%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

22.21%

31.72%-9.5pp

134.50%-112.3pp

160.75%-138.5pp

Employer contribution / active EE

$1,446

$3,138-53.9%

$4,821-70.0%

$2,671-45.9%

Participant deferral / active EE

$3,851

$3,411+12.9%

$5,682-32.2%

$4,126-6.7%

Admin fee / account holder

$92

$5,951-98.4%

$13,215-99.3%

$5,651-98.4%

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