Retirement plan

EYESOUTH PARTNERS 401(K) PLAN

Name: SCP EYE CARE SERVICES, LLC - EYESOUTH PARTNERS 401(K) PLAN (2024) Form 5500
Creator: SCP EYE CARE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYESOUTH PARTNERS 401(K) PLAN, SCP EYE CARE SERVICES, LLC

SCP EYE CARE SERVICES, LLCEIN 81-5171738Plan #001PY 2024

5775 GLENDRIDGE DRIVE, BUILDING B, STE 500 - ATLANTA, GA 303285380404-531-9988

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$185.3M

+21.4% from 2023

Total participants

3,228

+6.8% from 2023

Average account balance

$96,651

+20.2% from 2023

Annual return

20.16%

-37.77 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$185.28M

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.

1,917

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.

53.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+20.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$116

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$191,637
MMA SECURITIES LLC2 years Service code 27 1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Advisory (Plan)	$65,000
FRAZIER & DEETER, LLC3 years Service code 10 1230 PEACHTREE ST NE · ATLANTA, GA 30309	Accounting	$37,500

Plan features & details

Pension benefit codes2E2G2J2K2R3D2T

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$223K

$79 / participant

Investment mgmt$65K29.3%
Contract admin$120K53.9%
Other / not subdivided$38K16.8%

% of EOY assets

0.121%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRAZIER & DEETER
Auditor EIN: 394469485
Audit fees: $37,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,651

$53,216+81.6%

$155,534-37.9%

$199,960-51.7%

Participation rate

53.7%

64.1%-10.4pp

78.2%-24.5pp

72.0%-18.3pp

Annual return

20.16%

41.18%-21.0pp

64.92%-44.8pp

34.28%-14.1pp

Employer contribution / active EE

$1,756

$1,848-5.0%

$4,675-62.4%

$3,036-42.2%

Participant deferral / active EE

$3,588

$3,164+13.4%

$5,630-36.3%

$5,087-29.5%

Admin fee / account holder

$116

$186-37.3%

$15,900-99.3%

$269-56.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$191,637

MMA SECURITIES LLC2 years

Service code 27

1166 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Advisory (Plan)

$65,000

FRAZIER & DEETER, LLC3 years

Service code 10

1230 PEACHTREE ST NE · ATLANTA, GA 30309

Accounting

$37,500

EYESOUTH PARTNERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYESOUTH PARTNERS 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