Retirement plan

RACI 401(K) PLAN

Name: RETINA ASSOCIATES OF CLEVELAND, INC . - RACI 401(K) PLAN (2015) Form 5500
Creator: RETINA ASSOCIATES OF CLEVELAND, INC .
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RACI 401(K) PLAN, RETINA ASSOCIATES OF CLEVELAND, INC .

RETINA ASSOCIATES OF CLEVELAND, INC .EIN 34-1411937Plan #003PY 2015

3401 ENTERPRISE PKWY, 300 - BEACHWOOD, OH 441227340216-831-5700retina-assoc.comLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$2.4M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.3M

No prior year

Total participants

139

No prior year

Average account balance

$48,328

No prior year

Annual return

-1.20%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$18.32M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

220

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.

69.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$586

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

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MATTHEW CASSERLY1+ years Filed as: MATTHEW A. KEMSUZIAN Service code 53 3555 RESERVE COMMONS DRIVE · MEDINA, OH 44256	Insurance Commissions	$2,000

Plan features & details

Pension benefit codes2A2E2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2K

$16 / participant

Contract admin$2K100.0%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARNES WENDLING CPA'S, INC.
Auditor EIN: 341463411
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,328

$46,360+4.2%

$147,614-67.3%

$52,331-7.6%

Participation rate

93.8%

64.9%+28.9pp

84.6%+9.2pp

68.1%+25.7pp

Annual return

-1.20%

1.62%-2.8pp

61.98%-63.2pp

4.54%-5.7pp

Employer contribution / active EE

$4,310

$2,126+102.7%

$5,564-22.5%

$1,882+129.1%

Participant deferral / active EE

$1,233

$2,258-45.4%

$4,895-74.8%

$3,022-59.2%

Admin fee / account holder

$15

$766-98.0%

$11,611-99.9%

$592-97.4%

Provider

Service type

Compensation

MATTHEW CASSERLY1+ years

Filed as: MATTHEW A. KEMSUZIAN

Service code 53

3555 RESERVE COMMONS DRIVE · MEDINA, OH 44256

Insurance Commissions

$2,000

RACI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RACI 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