Retirement plan

BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C. PROFIT SHARING & 401(K) PLAN

Name: BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C. - BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C. PROFIT SHARING & 401(K) PLAN (2018) Form 5500
Creator: BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C. PROFIT SHARING & 401(K) PLAN, BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C.

BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C.EIN 36-3990968Plan #001PY 2018

24 JOLIET STREET, MEDICAL PAVILON, SUITE #201 - DYER, IN 46311219-322-2723ksbeyedr.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

-5.3% from 2017

Total participants

-13.3% from 2017

Average account balance

$192,104

-12.6% from 2017

Annual return

-7.38%

-20.31 pp from 2017

Benchmarks

See 105,561 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,561 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.03M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

136.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157603

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 codes2H2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$21K

$1867 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.822%

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

$192,104

$180,462+6.5%

$154,111+24.7%

$135,379+41.9%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-7.38%

888.17%-895.5pp

735.18%-742.6pp

519.79%-527.2pp

Employer contribution / active EE

$4,237

$6,036-29.8%

$5,298-20.0%

$4,779-11.3%

Participant deferral / active EE

$2,491

$5,806-57.1%

$5,081-51.0%

$5,609-55.6%

Admin fee / account holder

$1,580

$16,145-90.2%

$13,411-88.2%

$10,828-85.4%

BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRIGGS OPHTHALMOLOGY & ASSOCIATES, S.C. PROFIT SHARING & 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