Retirement plan

ST. PAUL EYE CLINIC, P.A. PROFIT SHARING PLAN

Name: ST. PAUL EYE CLINIC, P.A. - ST. PAUL EYE CLINIC, P.A. PROFIT SHARING PLAN (2023) Form 5500
Creator: ST. PAUL EYE CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. PAUL EYE CLINIC, P.A. PROFIT SHARING PLAN, ST. PAUL EYE CLINIC, P.A.

ST. PAUL EYE CLINIC, P.A.EIN 41-0949282Plan #002PY 2023

2080 WOODWINDS DRIVE STE. 110 - WOODBURY, MN 55125651-714-6902stpauleye.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$7.0M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 29, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$44.6M

+10.2% from 2022

Total participants

220

+7.3% from 2022

Average account balance

$212,367

+3.4% from 2022

Annual return

18.89%

+35.89 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$52.67M

Not enough data

1 years with asset history on file

Average account balance

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

$219K

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.

241

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.

82.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$1,666
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 33 · EIN 94-1737782	Securities brokerage	$50
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE, INC Service code 33 200 S. 108TH AVE. · OMAHA, NE 68154	Securities brokerage	$0
TD AMERITRADE, INC.1 year Filed as: TH AMERITRADE, INC. Service code 33	Securities brokerage	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3D3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$12 / participant

Recordkeeping$2K100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,367

$61,272+246.6%

$149,673+41.9%

$71,457+197.2%

Participation rate

92.9%

62.5%+30.4pp

78.8%+14.1pp

67.9%+24.9pp

Annual return

18.89%

35.85%-17.0pp

134.42%-115.5pp

28.85%-10.0pp

Employer contribution / active EE

$6,319

$2,378+165.7%

$4,818+31.2%

$2,588+144.2%

Participant deferral / active EE

$6,346

$2,917+117.5%

$5,680+11.7%

$4,289+48.0%

Admin fee / account holder

$1,261-99.4%

$13,210-99.9%

$1,587-99.5%

Provider

Service type

Compensation

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$1,666

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 33 · EIN 94-1737782

Securities brokerage

$50

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE, INC

Service code 33

200 S. 108TH AVE. · OMAHA, NE 68154

Securities brokerage

TD AMERITRADE, INC.1 year

Filed as: TH AMERITRADE, INC.

Service code 33

Securities brokerage

ST. PAUL EYE CLINIC, P.A. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. PAUL EYE CLINIC, P.A. PROFIT SHARING PLAN

Top hat statement on fileNQDC

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