Retirement plan

SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS - SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS 401(K) SAFE HARBOR PROFIT SHARING PLAN (2024) Form 5500
Creator: SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS 401(K) SAFE HARBOR PROFIT SHARING PLAN, SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS

SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONSEIN 45-5625042Plan #001PY 2024

2016 MEADE PARKWAY - SUFFOLK, VA 23434757-539-1533suffolkeyedoctor.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.7M

+19.8% from 2023

Total participants

+7.8% from 2023

Average account balance

$41,580

+22.7% from 2023

Annual return

11.49%

-3.19 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.75M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$600

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 codes2E2J2F2G3D3H2T

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.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$25K

$764 / participant

Other / not subdivided$25K100.0%

% of EOY assets

1.443%

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

$41,580

$81,331-48.9%

$155,534-73.3%

$80,935-48.6%

Participation rate

60.6%

66.3%-5.6pp

78.2%-17.6pp

67.7%-7.1pp

Annual return

11.49%

33.37%-21.9pp

64.92%-53.4pp

35.66%-24.2pp

Employer contribution / active EE

$1,231

$3,105-60.4%

$4,675-73.7%

$2,757-55.4%

Participant deferral / active EE

$2,867

$3,454-17.0%

$5,630-49.1%

$4,299-33.3%

Admin fee / account holder

$600

$7,999-92.5%

$15,900-96.2%

$6,924-91.3%

SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHNEIDER EYE PHYSICIANS DBA SUFFOLK EYE PHYSICIANS & SURGEONS 401(K) SAFE HARBOR 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