Retirement plan

EYE CONSULTANTS OF ATLANTA, P.C. PROFIT SHARING PLAN AND TRUST

Name: EYE CONSULTANTS OF ATLANTA, P.C. - EYE CONSULTANTS OF ATLANTA, P.C. PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: EYE CONSULTANTS OF ATLANTA, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYE CONSULTANTS OF ATLANTA, P.C. PROFIT SHARING PLAN AND TRUST, EYE CONSULTANTS OF ATLANTA, P.C.

EYE CONSULTANTS OF ATLANTA, P.C.EIN 58-1129515Plan #001PY 2017

3225 CUMBERLAND BLVD SE SUITE 900 - ATLANTA, GA 30339404-351-2220eyeconsultants.netLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesHigh cashCorrective distributions

How to read this page

Total assets (EOY)

$47.5M

+16.3% from 2016

Total participants

194

+3.7% from 2016

Average account balance

$245,089

+12.1% from 2016

Annual return

12.72%

+5.70 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

$45.12M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

274

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$51,220
PENSION FINANCIAL SERVICES, INC.2 years Filed as: PENSION FINANCIAL SERVICES INC. Service code 13 3700 CRESTWOOD PARKWAY STE 550 · DULUTH, GA 300967157	Contract Administrator	$10,928

Plan features & details

Pension benefit codes2A2E2G2J2R3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$141K

$825 / participant

Investment mgmt$79K56.0%
Contract admin$59K42.0%
Other / not subdivided$3K2.1%

% of EOY assets

0.297%

all-in expense ratio

Categories reported

2 / 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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$245,089

$55,453+342.0%

$170,435+43.8%

$62,293+293.4%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

12.72%

21.38%-8.7pp

205.94%-193.2pp

28.90%-16.2pp

Employer contribution / active EE

$7,713

$2,164+256.5%

$5,432+42.0%

$2,042+277.7%

Participant deferral / active EE

$3,038

$2,303+31.9%

$4,939-38.5%

$3,169-4.1%

Admin fee / account holder

$727

$455+59.8%

$13,881-94.8%

$479+51.7%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$51,220

PENSION FINANCIAL SERVICES, INC.2 years

Filed as: PENSION FINANCIAL SERVICES INC.

Service code 13

3700 CRESTWOOD PARKWAY STE 550 · DULUTH, GA 300967157

Contract Administrator

$10,928

EYE CONSULTANTS OF ATLANTA, P.C. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYE CONSULTANTS OF ATLANTA, P.C. PROFIT SHARING PLAN AND TRUST

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