Retirement plan

CLAY EYE PHYSICIANS & SURGEONS 401(K) PROFIT SHARING PLAN

Name: HARRIS, WILCOX & DONOVAN, P.A. DBA CLAY EYE PHYSI - CLAY EYE PHYSICIANS & SURGEONS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: HARRIS, WILCOX & DONOVAN, P.A. DBA CLAY EYE PHYSI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLAY EYE PHYSICIANS & SURGEONS 401(K) PROFIT SHARING PLAN, HARRIS, WILCOX & DONOVAN, P.A. DBA CLAY EYE PHYSI

HARRIS, WILCOX & DONOVAN, P.A. DBA CLAY EYE PHYSIEIN 59-1910113Plan #002PY 2023

2023 PROFESSIONAL CENTER DRIVE - ORANGE PARK, FL 32073904-272-2020LinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#005Retirement-$1.7M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.4M

+27.2% from 2022

Total participants

170

+18.9% from 2022

Average account balance

$109,518

+28.1% from 2022

Annual return

20.65%

+38.88 pp from 2022

Benchmarks

See 284 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Cohort284 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$18.98M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

198

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MAI CAPITAL MANAGEMENT, LLC2 years Service code 99 · EIN 61-1495162	Other Fees	$27,857
ECONOMIC GROUP PENSION SERVICES2 years Service code 49 · EIN 13-3180178	Other Services	$6,212
MORNINGSTAR2 years Service code 27	Advisory (Plan)	$2,118
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$555
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$555

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$50 / participant

Investment mgmt$5K100.0%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ENNIS, PELLUM, & ASSOCIATES
Auditor EIN: 591843700
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,518

$332,085-67.0%

$149,673-26.8%

Participation rate

70.7%

60.9%+9.8pp

78.8%-8.1pp

Annual return

20.65%

51.04%-30.4pp

134.42%-113.8pp

Employer contribution / active EE

$6,177

$2,795+121.0%

$4,818+28.2%

Participant deferral / active EE

$4,791

$2,947+62.6%

$5,680-15.7%

Admin fee / account holder

$35

$47,995-99.9%

$13,210-99.7%

Provider

Service type

Compensation

MAI CAPITAL MANAGEMENT, LLC2 years

Service code 99 · EIN 61-1495162

Other Fees

$27,857

ECONOMIC GROUP PENSION SERVICES2 years

Service code 49 · EIN 13-3180178

Other Services

$6,212

MORNINGSTAR2 years

Service code 27

Advisory (Plan)

$2,118

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$555

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$555

CLAY EYE PHYSICIANS & SURGEONS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLAY EYE PHYSICIANS & SURGEONS 401(K) 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