Retirement plan

MIDWEST EYE CARE 401(K) PLAN

Name: MIDWEST EYE CARE, P.C. - MIDWEST EYE CARE 401(K) PLAN (2024) Form 5500
Creator: MIDWEST EYE CARE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST EYE CARE 401(K) PLAN, MIDWEST EYE CARE, P.C.

MIDWEST EYE CARE, P.C.EIN 47-0805428Plan #001PY 2024

4353 DODGE ST - OMAHA, NE 68131402-552-2020midwesteyecare.comLinkedIn201-500 employeesmedical practice

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$33.6M

+13.2% from 2023

Total participants

252

+16.1% from 2023

Average account balance

$141,165

-2.5% from 2023

Annual return

11.88%

-5.08 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.60M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

238

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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 2 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.8 years Service code 15 · EIN 23-1945930	Recordkeeping	$41,700
USI CONSULTING GROUP4 years Filed as: USI ADVISORS INC Service code 27 · EIN 06-1397347	Advisory (Plan)	$18,750

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$308 / participant

Other / not subdivided$60K100.0%

% of EOY assets

0.180%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCMILLEN DOVALO CO., P.C.
Auditor EIN: 470750984
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,165

$55,437+154.6%

$155,534-9.2%

$74,459+89.6%

Participation rate

92.9%

61.9%+31.0pp

78.2%+14.6pp

67.2%+25.6pp

Annual return

11.88%

269.58%-257.7pp

64.92%-53.0pp

1369.70%-1357.8pp

Employer contribution / active EE

$5,305

$2,266+134.1%

$4,675+13.5%

$2,626+102.0%

Participant deferral / active EE

$4,320

$2,837+52.3%

$5,630-23.3%

$4,350-0.7%

Admin fee / account holder

$254

$1,742-85.4%

$15,900-98.4%

$1,945-86.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.8 years

Service code 15 · EIN 23-1945930

Recordkeeping

$41,700

USI CONSULTING GROUP4 years

Filed as: USI ADVISORS INC

Service code 27 · EIN 06-1397347

Advisory (Plan)

$18,750

MIDWEST EYE CARE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST EYE CARE 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