Retirement plan

SIGHTMD 401(K) PLAN

Name: SIGHT MEDICAL DOCTORS PLLC - SIGHTMD 401(K) PLAN (2018) Form 5500
Creator: SIGHT MEDICAL DOCTORS PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIGHTMD 401(K) PLAN, SIGHT MEDICAL DOCTORS PLLC

SIGHT MEDICAL DOCTORS PLLCEIN 46-4449523Plan #005PY 2018

100 MOTOR PARKWAY, SUITE 110 - HAUPPAUGE, NY 11788631-265-8780

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$8.6M

+76.9% from 2017

Total participants

518

+124.2% from 2017

Average account balance

$38,250

+4.3% from 2017

Annual return

62.08%

+29.17 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$27,919
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$14,462
DANZIGER & MARKHOFF LLP1 year Service code 13 · EIN 13-3010201 1133 WESTCHESTER AVE. · WHITE PLAINS, NY 10604	Contract Administrator	$2,727
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55	Other Commissions	$1,458
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$294
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANELY INSURANCE SERVICES I Service code 55 1 NEW YORK PLZ, 12TH FL · NEW YORK, NY 10004	Other Commissions	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANELY SMITH BARNEY LLC Service code 55 1 NEW YORK PL, 12TH FL · NEW YORK, NY 10004	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

Expense breakdown

Schedule H Part II

Admin total

$35K

$72 / participant

Investment mgmt$35K100.0%

% of EOY assets

0.409%

all-in expense ratio

Categories reported

1 / 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: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,250

$37,196+2.8%

$154,108-75.2%

$55,725-31.4%

Participation rate

39.6%

64.1%-24.5pp

83.0%-43.4pp

70.9%-31.2pp

Annual return

62.08%

1319.68%-1257.6pp

735.21%-673.1pp

244.93%-182.8pp

Employer contribution / active EE

$1,614-100.0%

$5,298-100.0%

$2,078-100.0%

Participant deferral / active EE

$2,029

$2,068-1.9%

$5,081-60.1%

$3,356-39.5%

Admin fee / account holder

$157

$102+54.1%

$13,411-98.8%

$115+35.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$27,919

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$14,462

DANZIGER & MARKHOFF LLP1 year

Service code 13 · EIN 13-3010201

1133 WESTCHESTER AVE. · WHITE PLAINS, NY 10604

Contract Administrator

$2,727

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

Other Commissions

$1,458

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$294

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANELY INSURANCE SERVICES I

Service code 55

1 NEW YORK PLZ, 12TH FL · NEW YORK, NY 10004

Other Commissions

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANELY SMITH BARNEY LLC

Service code 55

1 NEW YORK PL, 12TH FL · NEW YORK, NY 10004

Other Commissions

SIGHTMD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIGHTMD 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