Retirement plan

SEAVIEW ORTHOPAEDICS 401(K) PLAN

Name: SEAVIEW ORTHOPAEDICS & MEDICAL ASSOCIATES - SEAVIEW ORTHOPAEDICS 401(K) PLAN (2024) Form 5500
Creator: SEAVIEW ORTHOPAEDICS & MEDICAL ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEAVIEW ORTHOPAEDICS 401(K) PLAN, SEAVIEW ORTHOPAEDICS & MEDICAL ASSOCIATES

SEAVIEW ORTHOPAEDICS & MEDICAL ASSOCIATESEIN 22-2398304Plan #003PY 2024

1200 EAGLE AVENUE - OCEAN TOWNSHIP, NJ 077127631732-660-6200

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$54.6M

+18.7% from 2023

Total participants

485

+10.2% from 2023

Average account balance

$126,747

+1.6% from 2023

Annual return

15.58%

-2.77 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.63M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

431

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.81M

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

+15.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP6 years Service code 12 · EIN 06-1053228	Account maintenance fees; Sub-transfe...	$37,811
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009	Securities Custodian	$8,074
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 51 · EIN 13-5674085	Investment Mgmt Fees	$0

Plan features & details

Pension benefit codes2E2G2J2H2K2R2F3H

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$152K

$394 / participant

Contract admin$19K12.4%
Other / not subdivided$134K87.6%

% of EOY assets

0.279%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NSICOCCIA LLP
Auditor EIN: 221914888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,747

$50,820+149.4%

$155,567-18.5%

$77,671+63.2%

Participation rate

86.0%

63.1%+22.9pp

78.2%+7.9pp

70.6%+15.5pp

Annual return

15.58%

34.85%-19.3pp

64.74%-49.2pp

31.21%-15.6pp

Employer contribution / active EE

$5,362

$1,993+169.1%

$4,674+14.7%

$2,726+96.7%

Participant deferral / active EE

$4,495

$2,823+59.2%

$5,628-20.1%

$4,648-3.3%

Admin fee / account holder

$354

$436-18.9%

$15,916-97.8%

$430-17.8%

Provider

Service type

Compensation

USI CONSULTING GROUP6 years

Service code 12 · EIN 06-1053228

Account maintenance fees; Sub-transfe...

$37,811

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$8,074

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 51 · EIN 13-5674085

Investment Mgmt Fees

SEAVIEW ORTHOPAEDICS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEAVIEW ORTHOPAEDICS 401(K) 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