Retirement plan

TAYLOR RETINA CENTER P.A. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: TAYLOR RETINA CENTER P.A. - TAYLOR RETINA CENTER P.A. 401(K) SAFE HARBOR PROFIT SHARING PLAN (2020) Form 5500
Creator: TAYLOR RETINA CENTER P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAYLOR RETINA CENTER P.A. 401(K) SAFE HARBOR PROFIT SHARING PLAN, TAYLOR RETINA CENTER P.A.

TAYLOR RETINA CENTER P.A.EIN 56-2265399Plan #001PY 2020

1101 DRESSER COURT - RALEIGH, NC 27609919-878-4060taylorretinacenter.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+26.8% from 2019

Total participants

+4.9% from 2019

Average account balance

$113,268

+14.7% from 2019

Annual return

20.34%

-6.45 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+4.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2J2T3D2E2R

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.
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

1 tripped

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

$156K

$4103 / participant

Other / not subdivided$156K100.0%

% of EOY assets

3.278%

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

$113,268

$91,167+24.2%

$178,498-36.5%

$79,858+41.8%

Participation rate

97.4%

69.2%+28.2pp

81.9%+15.4pp

69.6%+27.7pp

Annual return

20.34%

24.19%-3.8pp

151.09%-130.8pp

31.72%-11.4pp

Employer contribution / active EE

$6,112

$3,255+87.7%

$5,011+22.0%

$2,471+147.3%

Participant deferral / active EE

$4,350

$3,236+34.5%

$5,202-16.4%

$3,740+16.3%

Admin fee / account holder

$3,712

$6,747-45.0%

$13,985-73.5%

$5,306-30.0%

TAYLOR RETINA CENTER P.A. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAYLOR RETINA CENTER P.A. 401(K) SAFE HARBOR 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