Retirement plan

OCEAN EYE INSTITUTE, P.A. 401(K) PROFIT SHARING PLAN

Name: OCEAN EYE INSTITUTE, P.A. - OCEAN EYE INSTITUTE, P.A. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: OCEAN EYE INSTITUTE, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN EYE INSTITUTE, P.A. 401(K) PROFIT SHARING PLAN, OCEAN EYE INSTITUTE, P.A.

OCEAN EYE INSTITUTE, P.A.EIN 22-2293951Plan #005PY 2018

601 ROUTE 37W - 2ND FLOOR - TOMS RIVER, NJ 08755732-244-4400

Other plans on this EIN

3 filings

#006Retirement-$3.8M assets #008Retirement-$1.9M assets #007Retirement-$74K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.6M

-20.6% from 2017

Total participants

-10.3% from 2017

Average account balance

$52,488

-7.7% from 2017

Annual return

-5.95%

-23.92 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.45M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3625

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 codes2E2G2J3D

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.
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

OpportunityLow employer contribution
Employer 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

$541K

$11508 / participant

Other / not subdivided$541K100.0%

% of EOY assets

21.031%

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

$52,488

$75,962-30.9%

$154,108-65.9%

$64,173-18.2%

Participation rate

74.5%

70.4%+4.1pp

83.0%-8.6pp

69.6%+4.9pp

Annual return

-5.95%

30.32%-36.3pp

735.21%-741.2pp

7.63%-13.6pp

Employer contribution / active EE

$3,350-100.0%

$5,298-100.0%

$2,381-100.0%

Participant deferral / active EE

$1,388

$3,175-56.3%

$5,081-72.7%

$3,470-60.0%

Admin fee / account holder

$11,039

$5,589+97.5%

$13,411-17.7%

$4,887+125.9%

OCEAN EYE INSTITUTE, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN EYE INSTITUTE, 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