Retirement plan

ALABAMA OPHTHALMOLOGY ASSOCIATES,PC 401(K) PROFIT SHARING PLAN

Name: ALABAMA OPHTHALMOLOGY ASSOCIATES, P.C. - ALABAMA OPHTHALMOLOGY ASSOCIATES,PC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ALABAMA OPHTHALMOLOGY ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALABAMA OPHTHALMOLOGY ASSOCIATES,PC 401(K) PROFIT SHARING PLAN, ALABAMA OPHTHALMOLOGY ASSOCIATES, P.C.

ALABAMA OPHTHALMOLOGY ASSOCIATES, P.C.EIN 63-0772886Plan #001PY 2020

1000 19TH STREET SOUTH - BIRMINGHAM, AL 352054804205-930-0700aoapc.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$3.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+36.3% from 2019

Total participants

0.0% from 2019

Average account balance

$219,291

No prior year

Annual return

32.59%

+13.10 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

$12.56M

Not enough data

1 years with asset history on file

Average account balance

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

$262K

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.

184.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$536K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+16.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1997

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 codes2E2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

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

$122K

$4081 / participant

Other / not subdivided$122K100.0%

% of EOY assets

1.396%

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

$219,291

$91,167+140.5%

$178,498+22.9%

$79,858+174.6%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

32.59%

24.19%+8.4pp

151.09%-118.5pp

31.72%+0.9pp

Employer contribution / active EE

$8,155

$3,255+150.5%

$5,011+62.7%

$2,471+230.0%

Participant deferral / active EE

$3,616

$3,236+11.8%

$5,202-30.5%

$3,740-3.3%

Admin fee / account holder

$3,061

$6,747-54.6%

$13,985-78.1%

$5,306-42.3%

ALABAMA OPHTHALMOLOGY ASSOCIATES,PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALABAMA OPHTHALMOLOGY ASSOCIATES,PC 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