Retirement plan

NORTH TEXAS EYE CENTER 401(K) PLAN

Name: LEWIS JACOB FRAZEE MDPA DBA NORTH TEXAS EYE CENTER - NORTH TEXAS EYE CENTER 401(K) PLAN (2024) Form 5500
Creator: LEWIS JACOB FRAZEE MDPA DBA NORTH TEXAS EYE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH TEXAS EYE CENTER 401(K) PLAN, LEWIS JACOB FRAZEE MDPA DBA NORTH TEXAS EYE CENTER

LEWIS JACOB FRAZEE MDPA DBA NORTH TEXAS EYE CENTEREIN 75-1762115Plan #002PY 2024

4100 W. 15TH STREET, SUITE 210 - PLANO, TX 75093972-867-7777

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$241K

+52.6% from 2023

Total participants

-4.8% from 2023

Average account balance

$14,166

+52.6% from 2023

Annual return

13.45%

-8.68 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$241K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$849

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 codes2E2J2F2G3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$760 / participant

Other / not subdivided$14K100.0%

% of EOY assets

5.994%

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

$14,166

$183,539-92.3%

$155,556-90.9%

$145,897-90.3%

Participation rate

84.2%

82.7%+1.5pp

78.2%+6.0pp

80.3%+3.9pp

Annual return

13.45%

61.31%-47.9pp

64.84%-51.4pp

552.29%-538.8pp

Employer contribution / active EE

$1,529

$5,315-71.2%

$4,675-67.3%

$4,663-67.2%

Participant deferral / active EE

$2,398

$6,467-62.9%

$5,631-57.4%

$6,689-64.1%

Admin fee / account holder

$849

$19,275-95.6%

$15,885-94.7%

$13,390-93.7%

NORTH TEXAS EYE CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH TEXAS EYE CENTER 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