Retirement plan

EYE SITE SACRAMENTO MEDICAL GRP, INC. 401(K) PLAN

Name: EYE SITE SACRAMENTO MEDICAL GROUP, INC. - EYE SITE SACRAMENTO MEDICAL GRP, INC. 401(K) PLAN (2023) Form 5500
Creator: EYE SITE SACRAMENTO MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYE SITE SACRAMENTO MEDICAL GRP, INC. 401(K) PLAN, EYE SITE SACRAMENTO MEDICAL GROUP, INC.

EYE SITE SACRAMENTO MEDICAL GROUP, INC.EIN 57-1185919Plan #002PY 2023

4925 J STREET - SACRAMENTO, CA 95819916-452-8105

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4M

-17.3% from 2022

Total participants

+65.0% from 2022

Average account balance

$124,210

-48.3% from 2022

Annual return

10.63%

+22.10 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.69M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

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.

116.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$327K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$683

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 codes2E2G2J2R3D

Plan features

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$65042 / participant

Other / not subdivided$2M100.0%

% of EOY assets

39.274%

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

$124,210

$175,257-29.1%

$149,717-17.0%

$139,456-10.9%

Participation rate

95.8%

83.4%+12.4pp

78.8%+17.1pp

80.3%+15.5pp

Annual return

10.63%

166.70%-156.1pp

134.41%-123.8pp

373.45%-362.8pp

Employer contribution / active EE

$6,696

$5,477+22.3%

$4,820+38.9%

$4,753+40.9%

Participant deferral / active EE

$2,500

$6,521-61.7%

$5,682-56.0%

$6,711-62.7%

Admin fee / account holder

$48,782

$16,156+201.9%

$13,213+269.2%

$11,407+327.6%

EYE SITE SACRAMENTO MEDICAL GRP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYE SITE SACRAMENTO MEDICAL GRP, INC. 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