Retirement plan

EYE ASSOCIATES OF SOUTHERN INDIANA 401(K) RETIREMENT PLAN

Name: EYE ASSOCIATES OF SOUTHERN INDIANA - EYE ASSOCIATES OF SOUTHERN INDIANA 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: EYE ASSOCIATES OF SOUTHERN INDIANA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYE ASSOCIATES OF SOUTHERN INDIANA 401(K) RETIREMENT PLAN, EYE ASSOCIATES OF SOUTHERN INDIANA

EYE ASSOCIATES OF SOUTHERN INDIANAEIN 35-1995025Plan #001PY 2020

302 W. 14TH STREET, SUITE 100 - JEFFERSONVILLE, IN 47130812-284-0660

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.3M

+16.1% from 2019

Total participants

130

-36.9% from 2019

Average account balance

$74,148

+9.9% from 2019

Annual return

16.96%

-10.37 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.97M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

142

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.

69.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$989K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$621

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$29,588

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$30K

$356 / participant

Contract admin$30K100.0%

% of EOY assets

0.356%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCM CPAS & ADVISORS LLP
Auditor EIN: 271235638
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,148

$91,179-18.7%

$178,499-58.5%

$79,852-7.1%

Participation rate

78.3%

69.2%+9.1pp

81.9%-3.6pp

69.6%+8.7pp

Annual return

16.96%

24.19%-7.2pp

151.10%-134.1pp

31.72%-14.8pp

Employer contribution / active EE

$2,317

$3,256-28.8%

$5,011-53.8%

$2,471-6.2%

Participant deferral / active EE

$5,088

$3,236+57.3%

$5,202-2.2%

$3,740+36.0%

Admin fee / account holder

$264

$6,749-96.1%

$13,986-98.1%

$5,306-95.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$29,588

EYE ASSOCIATES OF SOUTHERN INDIANA 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYE ASSOCIATES OF SOUTHERN INDIANA 401(K) RETIREMENT 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