Retirement plan

WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN

Name: WILLS EYE SURGICAL NETWORK, LLC - WILLS EYE SURGICAL NETWORK, LLC 401(K) PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#001Retirement-$738K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.7M

-10.2% from 2021

Total participants

112

+19.1% from 2021

Average account balance

$37,344

-20.2% from 2021

Annual return

-14.20%

-38.20 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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 INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2647786	Advisory (Plan)	$33,086

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

$33K

$376 / participant

Other / not subdivided$33K100.0%

% of EOY assets

0.895%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,344

$73,863-49.4%

$143,797-74.0%

$68,490-45.5%

Participation rate

85.2%

66.7%+18.6pp

80.3%+4.9pp

67.9%+17.3pp

Annual return

-14.20%

0.91%-15.1pp

-0.04%-14.2pp

-7.85%-6.4pp

Employer contribution / active EE

$1,103

$3,185-65.4%

$4,952-77.7%

$2,597-57.5%

Participant deferral / active EE

$2,595

$3,385-23.3%

$5,638-54.0%

$4,028-35.6%

Admin fee / account holder

$334

$5,756-94.2%

$14,679-97.7%

$5,403-93.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2647786

Advisory (Plan)

$33,086

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