Retirement plan

CAROLINA EYE RETIREMENT SAVINGS PLAN & MONEY PURCHASE PLAN

Name: CAROLINA EYE ASSOCIATES, P.A. - CAROLINA EYE RETIREMENT SAVINGS PLAN & MONEY PURCHASE PLAN (2017) Form 5500
Creator: CAROLINA EYE ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA EYE RETIREMENT SAVINGS PLAN & MONEY PURCHASE PLAN, CAROLINA EYE ASSOCIATES, P.A.

CAROLINA EYE ASSOCIATES, P.A.EIN 56-1183309Plan #001PY 2017

2170 MIDLAND RD - SOUTHERN PINES, NC 28387910-295-2100LinkedIn201-500 employeesmedical practice

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$19.2M

+16.5% from 2016

Total participants

222

+13.8% from 2016

Average account balance

$122,874

+12.8% from 2016

Annual return

16.09%

+9.38 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.67M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

439

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$172

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 5 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY3+ years Service code 21 · EIN 56-0223230	Bank Trustee	$43,160
PARSEC FINANCIAL MANAGEMENT3+ years Service code 27 · EIN 56-1443390	Advisory (Plan)	$18,476
WITHUMSMITH+BROWN, PC3+ years Filed as: BROWN ADVISORY LLC Service code 27 · EIN 26-4560299	Advisory (Plan)	$14,015
CHARLES SCHWAB & CO., INC.3+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$582
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$221 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.225%

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: BERNARD, ROBINSON & COMPANY, LLP
Auditor EIN: 560571159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,874

$55,453+121.6%

$170,435-27.9%

$62,293+97.3%

Participation rate

66.2%

66.4%-0.2pp

83.6%-17.4pp

69.5%-3.4pp

Annual return

16.09%

21.38%-5.3pp

205.94%-189.9pp

28.90%-12.8pp

Employer contribution / active EE

$373

$2,164-82.8%

$5,432-93.1%

$2,042-81.8%

Participant deferral / active EE

$2,818

$2,303+22.4%

$4,939-43.0%

$3,169-11.1%

Admin fee / account holder

$277

$455-39.2%

$13,881-98.0%

$479-42.3%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY3+ years

Service code 21 · EIN 56-0223230

Bank Trustee

$43,160

PARSEC FINANCIAL MANAGEMENT3+ years

Service code 27 · EIN 56-1443390

Advisory (Plan)

$18,476

WITHUMSMITH+BROWN, PC3+ years

Filed as: BROWN ADVISORY LLC

Service code 27 · EIN 26-4560299

Advisory (Plan)

$14,015

CHARLES SCHWAB & CO., INC.3+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$582

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: EPIC ADVISORS, INC.

Service code 15 · EIN 16-1450952

Recordkeeping

CAROLINA EYE RETIREMENT SAVINGS PLAN & MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA EYE RETIREMENT SAVINGS PLAN & MONEY PURCHASE 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