Retirement plan

VRF EYE SPECIALTY GROUP 401(K) PLAN

Name: VRF EYE SPECIALTY GROUP, PLC - VRF EYE SPECIALTY GROUP 401(K) PLAN (2017) Form 5500
Creator: VRF EYE SPECIALTY GROUP, PLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VRF EYE SPECIALTY GROUP 401(K) PLAN, VRF EYE SPECIALTY GROUP, PLC

VRF EYE SPECIALTY GROUP, PLCEIN 62-1463001Plan #006PY 2017

825 RIDGE LAKE BLVD. - MEMPHIS, TN 38120901-820-2245hipaaspace.comLinkedIn1-10 employeeshospital & health care

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.3M

+29.6% from 2016

Total participants

180

+32.4% from 2016

Average account balance

$36,724

-3.9% from 2016

Annual return

17.26%

+9.51 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

$7.01M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

124

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.

48.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$643K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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 3 by compensation

Provider	Service type	Compensation
GAVION, LLC2 years Service code 27 · EIN 46-2642087 6000 POPLAR AVE STE 325 · MEMPHIS, TN 38119	Advisory (Plan)	$18,718
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,502
BURLEIGH CONSULTING GROUP2 years Filed as: BURLEIGH CONSULTING GROUP, INC. Service code 13 · EIN 62-0842964 465 JACK KRAMER DRIVE, SUITE 2 · MEMPHIS, TN 38117	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$38K

$278 / participant

Contract admin$38K100.0%

% of EOY assets

0.715%

all-in expense ratio

Categories reported

1 / 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: PEARCE, BEVILL, LEESBURG, MOORE, PC
Auditor EIN: 630813240
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,724

$55,453-33.8%

$170,435-78.5%

$62,293-41.0%

Participation rate

72.6%

66.4%+6.2pp

83.6%-11.0pp

69.5%+3.1pp

Annual return

17.26%

21.38%-4.1pp

205.94%-188.7pp

28.90%-11.6pp

Employer contribution / active EE

$1,713

$2,164-20.8%

$5,432-68.5%

$2,042-16.1%

Participant deferral / active EE

$2,826

$2,303+22.7%

$4,939-42.8%

$3,169-10.8%

Admin fee / account holder

$263

$455-42.3%

$13,881-98.1%

$479-45.2%

Provider

Service type

Compensation

GAVION, LLC2 years

Service code 27 · EIN 46-2642087

6000 POPLAR AVE STE 325 · MEMPHIS, TN 38119

Advisory (Plan)

$18,718

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,502

BURLEIGH CONSULTING GROUP2 years

Filed as: BURLEIGH CONSULTING GROUP, INC.

Service code 13 · EIN 62-0842964

465 JACK KRAMER DRIVE, SUITE 2 · MEMPHIS, TN 38117

Contract Administrator

VRF EYE SPECIALTY GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VRF EYE SPECIALTY GROUP 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