Retirement plan

PANHANDLE EYE GROUP, LLP 401(K) PLAN

Name: PANHANDLE EYE GROUP, LLP - PANHANDLE EYE GROUP, LLP 401(K) PLAN (2020) Form 5500
Creator: PANHANDLE EYE GROUP, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PANHANDLE EYE GROUP, LLP 401(K) PLAN, PANHANDLE EYE GROUP, LLP

PANHANDLE EYE GROUP, LLPEIN 75-2741195Plan #001PY 2020

7400 FLEMING AVE - AMARILLO, TX 79106806-467-0459paneye.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.8M

+10.2% from 2019

Total participants

184

-1.6% from 2019

Average account balance

$74,739

+3.8% from 2019

Annual return

10.24%

-10.72 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.06M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

179

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$939K

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

+17.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$511

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$38,415
ARISTA WEALTH MANAGEMENT1 year Service code 27 10091 PARK RUN DR UNIT 200 · LAS VEGAS, NV 89145	Advisory (Plan)	$28,111
AMARILLO NATIONAL BANK3 years Service code 27 410 S TAYLOR · AMARILLO, TX 79105	Advisory (Plan)	$15,970
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN, GRAHAM & COMPANY, P.C. Service code 10 P.O. BOX 20210 · AMARILLO, TX 791142210	Accounting	$15,500
ROCKY MOUNTAIN EMPLOYEE BENEFITS1 year Service code 13 7090 S UNION PARK AVE, SUITE 650 · SALT LAKE CITY, UT 84047	Contract Administrator	$1,910
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$600

Plan features & details

Pension benefit codes2T2E2J2K2F2G2R3D3B3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$146K

$912 / participant

Investment mgmt$90K61.8%
Contract admin$40K27.6%
Other / not subdivided$16K10.6%

% of EOY assets

1.142%

all-in expense ratio

Categories reported

2 / 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: BROWN, GRAHAM & COMPANY, P.C.
Auditor EIN: 751386677
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,739

$58,888+26.9%

$178,498-58.1%

$73,493+1.7%

Participation rate

91.9%

66.2%+25.6pp

81.9%+9.9pp

70.7%+21.2pp

Annual return

10.24%

24.86%-14.6pp

151.09%-140.8pp

28.51%-18.3pp

Employer contribution / active EE

$1,347

$2,236-39.8%

$5,011-73.1%

$2,270-40.7%

Participant deferral / active EE

$3,664

$2,568+42.7%

$5,202-29.6%

$3,740-2.0%

Admin fee / account holder

$854

$400+113.3%

$13,985-93.9%

$513+66.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$38,415

ARISTA WEALTH MANAGEMENT1 year

Service code 27

10091 PARK RUN DR UNIT 200 · LAS VEGAS, NV 89145

Advisory (Plan)

$28,111

AMARILLO NATIONAL BANK3 years

Service code 27

410 S TAYLOR · AMARILLO, TX 79105

Advisory (Plan)

$15,970

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN, GRAHAM & COMPANY, P.C.

Service code 10

P.O. BOX 20210 · AMARILLO, TX 791142210

Accounting

$15,500

ROCKY MOUNTAIN EMPLOYEE BENEFITS1 year

Service code 13

7090 S UNION PARK AVE, SUITE 650 · SALT LAKE CITY, UT 84047

Contract Administrator

$1,910

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$600

PANHANDLE EYE GROUP, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PANHANDLE EYE GROUP, LLP 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