Retirement plan

DAVIS VISION CENTER 401(K) PLAN

Name: DAVIS VISION CENTER ASSOCIATES PLLC - DAVIS VISION CENTER 401(K) PLAN (2022) Form 5500
Creator: DAVIS VISION CENTER ASSOCIATES PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVIS VISION CENTER 401(K) PLAN, DAVIS VISION CENTER ASSOCIATES PLLC

DAVIS VISION CENTER ASSOCIATES PLLCEIN 27-1637237Plan #002PY 2022

11649 SOUTH 4000 WEST, SUITE 200 - SOUTH JORDAN, UT 84009801-253-3080

Other plans on this EIN

1 filing

#001Retirement-$1.6M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$186K

No prior year

Total participants

-20.0% from 2021

Average account balance

$14,274

No prior year

Annual return

0.00%

0.00 pp from 2021

Benchmarks

See 105,986 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,986 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$620K

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$178K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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 codes2E2J2F2G3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$330

$24 / participant

Other / not subdivided$330100.0%

% of EOY assets

0.178%

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

$14,274

$167,323-91.5%

$143,770-90.1%

$134,493-89.4%

Participation rate

78.6%

84.8%-6.2pp

80.3%-1.7pp

81.2%-2.7pp

Annual return

0.00%

0.47%-0.5pp

-0.04%0pp

418.01%-418.0pp

Employer contribution / active EE

$4,186

$5,619-25.5%

$4,951-15.5%

$4,740-11.7%

Participant deferral / active EE

$9,912

$6,446+53.8%

$5,638+75.8%

$6,400+54.9%

Admin fee / account holder

$25

$18,088-99.9%

$14,673-99.8%

$11,425-99.8%

DAVIS VISION CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVIS VISION CENTER 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