Retirement plan

WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS 401K PROFIT SHARING PLAN

Name: WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS, INC. - WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS 401K PROFIT SHARING PLAN, WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS, INC.

WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS, INC.EIN 25-1343837Plan #002PY 2018

380 ADAMS STREET - ROCHESTER, PA 15074724-728-5000

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.9M

-3.8% from 2017

Total participants

-6.3% from 2017

Average account balance

$127,685

-10.2% from 2017

Annual return

-6.50%

-28.95 pp from 2017

Benchmarks

See 105,561 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,561 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.69M

Not enough data

1 years with asset history on file

Average account balance

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

$300K

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.

211.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$140K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10028

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 codes2E2F2G2J2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$82K

$13642 / participant

Other / not subdivided$82K100.0%

% of EOY assets

4.274%

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

$127,685

$180,462-29.2%

$154,111-17.1%

$135,379-5.7%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-6.50%

888.17%-894.7pp

735.18%-741.7pp

519.79%-526.3pp

Employer contribution / active EE

$16,940

$6,036+180.7%

$5,298+219.7%

$4,779+254.5%

Participant deferral / active EE

$2,369

$5,806-59.2%

$5,081-53.4%

$5,609-57.8%

Admin fee / account holder

$5,457

$16,145-66.2%

$13,411-59.3%

$10,828-49.6%

WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN PENNSYLVANIA EYE PHYSICIANS AND SURGEONS 401K 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