Retirement plan

EMPLOYEE SALARY REDUCTION PLAN OF MARK F. OZOG, MD, PC

Name: OZOG EYE CARE & LASER CENTER - EMPLOYEE SALARY REDUCTION PLAN OF MARK F. OZOG, MD, PC (2016) Form 5500
Creator: OZOG EYE CARE & LASER CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE SALARY REDUCTION PLAN OF MARK F. OZOG, MD, PC, OZOG EYE CARE & LASER CENTER

OZOG EYE CARE & LASER CENTEREIN 81-0506024Plan #001PY 2016

1417 9TH STREET SOUTH, SUITE 100 - GREAT FALLS, MT 59405406-453-1613ozogeye.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$506K

+12.7% from 2015

Total participants

-10.0% from 2015

Average account balance

$63,253

+40.8% from 2015

Annual return

5.62%

+11.98 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$773K

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25837

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 codes2E2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$10K

$1269 / participant

Other / not subdivided$10K100.0%

% of EOY assets

2.006%

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

$63,253

$181,896-65.2%

$156,551-59.6%

$273,972-76.9%

Participation rate

87.5%

88.4%-0.9pp

84.0%+3.5pp

83.0%+4.5pp

Annual return

5.62%

30.74%-25.1pp

32.23%-26.6pp

41.46%-35.8pp

Employer contribution / active EE

$1,339

$6,248-78.6%

$5,501-75.7%

$4,869-72.5%

Participant deferral / active EE

$3,559

$5,550-35.9%

$4,871-26.9%

$5,287-32.7%

Admin fee / account holder

$1,269

$15,560-91.8%

$13,028-90.3%

$10,133-87.5%

EMPLOYEE SALARY REDUCTION PLAN OF MARK F. OZOG, MD, PC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE SALARY REDUCTION PLAN OF MARK F. OZOG, MD, PC

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