Retirement plan

FLORIDA RETINA AND VITREOUS CENTER 401(K) PLAN

Name: FLORIDA RETINA AND VITREOUS CENTER, PA - FLORIDA RETINA AND VITREOUS CENTER 401(K) PLAN (2022) Form 5500
Creator: FLORIDA RETINA AND VITREOUS CENTER, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA RETINA AND VITREOUS CENTER 401(K) PLAN, FLORIDA RETINA AND VITREOUS CENTER, PA

FLORIDA RETINA AND VITREOUS CENTER, PAdba CENTER, P.A.EIN 37-1476323Plan #001PY 2022

4624 HALDER LN. - ORLANDO, FL 32814407-897-7470floridaretinacenter.comLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$412K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

-14.4% from 2021

Total participants

0.0% from 2021

Average account balance

$185,736

-43.0% from 2021

Annual return

-18.15%

-32.88 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.87M

Not enough data

1 years with asset history on file

Average account balance

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

$359K

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D2T

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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$185,736

$92,684+100.4%

$82,706+124.6%

$134,509+38.1%

Participation rate

85.7%

75.2%+10.5pp

72.6%+13.2pp

81.2%+4.5pp

Annual return

-18.15%

945.84%-964.0pp

701.76%-719.9pp

418.13%-436.3pp

Employer contribution / active EE

$2,736

$3,272-16.4%

$3,007-9.0%

$4,741-42.3%

Participant deferral / active EE

$7,651

$4,800+59.4%

$4,394+74.1%

$6,400+19.5%

Admin fee / account holder

$5,982-100.0%

$5,329-100.0%

$11,427-100.0%

FLORIDA RETINA AND VITREOUS CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FLORIDA RETINA AND VITREOUS CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion