Retirement plan

CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY 401(K) PROFIT SHARING PLAN

Name: CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY - CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY 401(K) PROFIT SHARING PLAN, CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY

CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERYEIN 26-0479749Plan #001PY 2020

2 ASCOT PLACE - ITHACA, NY 14850607-266-0772

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.1M

+10.5% from 2019

Total participants

+7.1% from 2019

Average account balance

$220,347

+2.6% from 2019

Annual return

13.92%

-4.07 pp from 2019

Benchmarks

See 102,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,098 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.50M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

155.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$243K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16236

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 codes2E2G2J2R3B3D2T2F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$297K

$27019 / participant

Other / not subdivided$297K100.0%

% of EOY assets

9.634%

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

$220,347

$209,425+5.2%

$178,499+23.4%

$158,966+38.6%

Participation rate

90.9%

86.4%+4.6pp

81.9%+9.0pp

82.0%+8.9pp

Annual return

13.92%

188.80%-174.9pp

151.10%-137.2pp

302.95%-289.0pp

Employer contribution / active EE

$11,036

$5,707+93.4%

$5,011+120.2%

$4,762+131.7%

Participant deferral / active EE

$7,178

$5,955+20.5%

$5,202+38.0%

$5,983+20.0%

Admin fee / account holder

$21,229

$17,078+24.3%

$13,986+51.8%

$11,250+88.7%

CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAYUGA EAR, NOSE, THROAT - HEAD & NECK SURGERY 401(K) 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