Retirement plan

CLARIS VISION, LLC 401(K) PLAN

Name: EYE HEALTH ASSOCIATES, INC. - CLARIS VISION, LLC 401(K) PLAN (2021) Form 5500
Creator: EYE HEALTH ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARIS VISION, LLC 401(K) PLAN, EYE HEALTH ASSOCIATES, INC.

EYE HEALTH ASSOCIATES, INC.EIN 46-1083116Plan #002PY 2021

51 STATE ROAD - NORTH DARTMOUTH, MA 02747508-500-6900LinkedIn1-10 employees

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$8.8M

+5.2% from 2020

Total participants

130

-5.1% from 2020

Average account balance

$74,069

+9.6% from 2020

Annual return

13.33%

+25.08 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.70M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

159.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$615K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15551

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$50,049
MAYFLOWER FINANCIAL ADVISORS, LLC1 year Filed as: MAYFLOWER ADVISORS Service code 27 265 FRANKLIN STREET, 4TH FL · BOSTON, MA 02110	Advisory (Plan)	$28,135
THE ANGELL PENSION GROUP, INC.4+ years Filed as: THE ANGELL PENSION GROUP Service code 13 · EIN 04-2530412	Contract Administrator	$4,708
INVESCO1 year Filed as: INVESCO INVESTMENTS Service code 15	Recordkeeping	$1,106

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$83K

$1846 / participant

Other / not subdivided$83K100.0%

% of EOY assets

0.942%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EDELSTEIN & COMPANY LLP
Auditor EIN: 042442519
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,069

$95,406-22.4%

$185,849-60.1%

$85,847-13.7%

Participation rate

75.6%

68.8%+6.8pp

81.7%-6.2pp

69.3%+6.2pp

Annual return

13.33%

23.59%-10.3pp

122.10%-108.8pp

318.61%-305.3pp

Employer contribution / active EE

$55

$3,314-98.3%

$5,169-98.9%

$2,565-97.9%

Participant deferral / active EE

$10,610

$3,424+209.9%

$5,569+90.5%

$3,952+168.5%

Admin fee / account holder

$698

$7,214-90.3%

$16,244-95.7%

$6,261-88.9%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$50,049

MAYFLOWER FINANCIAL ADVISORS, LLC1 year

Filed as: MAYFLOWER ADVISORS

Service code 27

265 FRANKLIN STREET, 4TH FL · BOSTON, MA 02110

Advisory (Plan)

$28,135

THE ANGELL PENSION GROUP, INC.4+ years

Filed as: THE ANGELL PENSION GROUP

Service code 13 · EIN 04-2530412

Contract Administrator

$4,708

INVESCO1 year

Filed as: INVESCO INVESTMENTS

Service code 15

Recordkeeping

$1,106

CLARIS VISION, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARIS VISION, LLC 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