Retirement plan

NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC 401K PROFIT SHARING PLAN

Name: NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC - NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC 401K PROFIT SHARING PLAN (2016) Form 5500
Creator: NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC 401K PROFIT SHARING PLAN, NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC

NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLCEIN 46-4449523Plan #005PY 2016

260 E MAIN STREET, STE 201 - SMITHTOWN, NY 11787631-265-8780

Prospect flagsHigh feesRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$3.1M

+47.5% from 2015

Total participants

130

+17.1% from 2015

Average account balance

$30,209

+27.2% from 2015

Annual return

51.94%

+51.94 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.30M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

519

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.

35.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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

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 codes2E2F2G3D

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$683K

$7191 / participant

Other / not subdivided$683K100.0%

% of EOY assets

22.172%

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

$30,209

$77,638-61.1%

$156,551-80.7%

$62,881-52.0%

Participation rate

70.5%

71.2%-0.7pp

84.0%-13.5pp

69.3%+1.2pp

Annual return

51.94%

50.33%+1.6pp

32.23%+19.7pp

20.14%+31.8pp

Employer contribution / active EE

$2,344

$3,444-31.9%

$5,501-57.4%

$2,281+2.8%

Participant deferral / active EE

$3,813

$3,046+25.2%

$4,871-21.7%

$3,203+19.0%

Admin fee / account holder

$6,698

$5,561+20.4%

$13,028-48.6%

$4,296+55.9%

NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH SHORE MEDICAL AND SURGICAL EYE GROUP PLLC 401K 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