Retirement plan

EYE SURGEONS OF INDIANA, P. C. 401(K) PROFIT SHARING PLAN

Name: EYE SURGEONS OF INDIANA, P.C. - EYE SURGEONS OF INDIANA, P. C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: EYE SURGEONS OF INDIANA, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYE SURGEONS OF INDIANA, P. C. 401(K) PROFIT SHARING PLAN, EYE SURGEONS OF INDIANA, P.C.

EYE SURGEONS OF INDIANA, P.C.EIN 35-2020403Plan #001PY 2024

9202 N. MERIDIAN ST., SUITE 100 - INDIANAPOLIS, IN 46260317-845-9488esi-in.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.6M

+15.3% from 2023

Total participants

234

+21.9% from 2023

Average account balance

$103,148

+4.5% from 2023

Annual return

10.10%

-2.19 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.61M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

161

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

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

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$520

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
WALLINGTON ASSET MANAGEMENT4 years Service code 27 8900 KEYSTONE CROSSING, SUITE 1015 · INDIANAPOLIS, IN 46240	Advisory (Plan)	$81,185

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$84K

$401 / participant

Recordkeeping$2K2.5%
Trustee / custodial$1240.1%
Investment mgmt$81K97.3%

% of EOY assets

0.504%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ SAPPER AND MILLER LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,148

$55,437+86.1%

$155,534-33.7%

$74,459+38.5%

Participation rate

65.1%

61.9%+3.2pp

78.2%-13.1pp

67.2%-2.2pp

Annual return

10.10%

269.58%-259.5pp

64.92%-54.8pp

1369.70%-1359.6pp

Employer contribution / active EE

$1,893

$2,266-16.4%

$4,675-59.5%

$2,626-27.9%

Participant deferral / active EE

$3,809

$2,837+34.2%

$5,630-32.3%

$4,350-12.4%

Admin fee / account holder

$520

$1,742-70.2%

$15,900-96.7%

$1,945-73.3%

Provider

Service type

Compensation

WALLINGTON ASSET MANAGEMENT4 years

Service code 27

8900 KEYSTONE CROSSING, SUITE 1015 · INDIANAPOLIS, IN 46240

Advisory (Plan)

$81,185

EYE SURGEONS OF INDIANA, P. C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYE SURGEONS OF INDIANA, P. C. 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