Retirement plan

WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN

Name: WILLS EYE SURGICAL NETWORK, LLC - WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN (2017) Form 5500
Creator: WILLS EYE SURGICAL NETWORK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN, WILLS EYE SURGICAL NETWORK, LLC

WILLS EYE SURGICAL NETWORK, LLCEIN 23-2861316Plan #002PY 2017

840 WALNUT STREET - PHILADELPHIA, PA 19107215-928-3013LinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$1.0M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$2.8M

+11.7% from 2016

Total participants

129

-4.4% from 2016

Average account balance

$22,911

+18.0% from 2016

Annual return

10.28%

+11.60 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.05M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

121.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$335K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1048

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

Top 2 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA FINANCIAL L.I.C. Service code 15 · EIN 36-6071399	Recordkeeping	$45,245
STALKER & ASSOCIATES, INC.2+ years Filed as: STALKER AND ASSOCIATES, INC Service code 15 · EIN 23-2756473 301 S STATE ST · NEWTOWN, PA 18940	Recordkeeping	$1,000

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$35K

$312 / participant

Contract admin$35K100.0%

% of EOY assets

1.220%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HOLMES AND MURRAY, LLP
Auditor EIN: 232192018
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,911

$55,453-58.7%

$170,435-86.6%

$62,293-63.2%

Participation rate

95.5%

66.4%+29.1pp

83.6%+11.9pp

69.5%+26.0pp

Annual return

10.28%

21.38%-11.1pp

205.94%-195.7pp

28.90%-18.6pp

Employer contribution / active EE

$844

$2,164-61.0%

$5,432-84.5%

$2,042-58.7%

Participant deferral / active EE

$1,529

$2,303-33.6%

$4,939-69.0%

$3,169-51.7%

Admin fee / account holder

$280

$455-38.6%

$13,881-98.0%

$479-41.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA FINANCIAL L.I.C.

Service code 15 · EIN 36-6071399

Recordkeeping

$45,245

STALKER & ASSOCIATES, INC.2+ years

Filed as: STALKER AND ASSOCIATES, INC

Service code 15 · EIN 23-2756473

301 S STATE ST · NEWTOWN, PA 18940

Recordkeeping

$1,000

WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLS EYE SURGICAL NETWORK, LLC 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