Retirement plan

WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN

Name: WILLS EYE SURGICAL NETWORK, LLC - WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#001Retirement-$838K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.1M

+17.6% from 2020

Total participants

-11.3% from 2020

Average account balance

$46,793

+28.3% from 2020

Annual return

24.00%

+20.99 pp from 2020

Benchmarks

See 18,803 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,803 peers

Snapshot2021

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2647786	Advisory (Plan)	$29,095

Plan features & details

Pension benefit codes2E2J2F2G3D2T3H

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.
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

$29K

$364 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.707%

all-in expense ratio

Categories reported

0 / 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

$46,793

$95,415-51.0%

$185,851-74.8%

$85,851-45.5%

Participation rate

92.5%

68.8%+23.7pp

81.7%+10.8pp

69.3%+23.2pp

Annual return

24.00%

23.59%+0.4pp

122.11%-98.1pp

318.63%-294.6pp

Employer contribution / active EE

$3,314-100.0%

$5,168-100.0%

$2,565-100.0%

Participant deferral / active EE

$2,061

$3,424-39.8%

$5,569-63.0%

$3,952-47.8%

Admin fee / account holder

$331

$7,215-95.4%

$16,245-98.0%

$6,261-94.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2647786

Advisory (Plan)

$29,095

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