Retirement plan

AUSTIN RETINA ASSOCIATES CASH BALANCE PLAN

Name: AUSTIN RETINA ASSOCIATES - AUSTIN RETINA ASSOCIATES CASH BALANCE PLAN (2024) Form 5500
Creator: AUSTIN RETINA ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUSTIN RETINA ASSOCIATES CASH BALANCE PLAN, AUSTIN RETINA ASSOCIATES

AUSTIN RETINA ASSOCIATESEIN 74-2034080Plan #002PY 2024

1512 W 35TH ST, SUITE 200 - AUSTIN, TX 78703512-421-8547austinretina.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

$278K

-92.9% from 2023

Total participants

116

-18.3% from 2023

Average account balance

No prior year

Annual return

3.31%

-1.29 pp from 2023

Benchmarks

See 12,503 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants<25

Cohort12,503 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$278K

Not enough data

1 years with asset history on file

Average account balance

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

$2K

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.

116

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC5 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$7,500

Plan features & details

Pension benefit codes1B1C1I3D

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$27K

Recordkeeping$2K5.8%
Investment mgmt$8K28.0%
Contract admin$14K53.4%
Other / not subdivided$3K12.9%

% of EOY assets

9.629%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$340,249-100.0%

$329,695-100.0%

$330,599-100.0%

Participation rate

0.0%

51.3%-51.3pp

43.4%-43.4pp

43.7%-43.7pp

Annual return

3.31%

10.01%-6.7pp

9.82%-6.5pp

13.05%-9.7pp

Employer contribution / active EE

$31,912-100.0%

$30,322-100.0%

$37,664-100.0%

Participant deferral / active EE

$67-100.0%

$66-100.0%

$48-100.0%

Admin fee / account holder

$60,407-100.0%

$53,840-100.0%

$31,365-100.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC5 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$7,500

AUSTIN RETINA ASSOCIATES CASH BALANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUSTIN RETINA ASSOCIATES CASH BALANCE 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