Retirement plan

NORTH IDAHO EYE INSTITUTE, PA 401(K) PROFIT SHARING PLAN

Name: NORTH IDAHO EYE INSTITUTE, PA - NORTH IDAHO EYE INSTITUTE, PA 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: NORTH IDAHO EYE INSTITUTE, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH IDAHO EYE INSTITUTE, PA 401(K) PROFIT SHARING PLAN, NORTH IDAHO EYE INSTITUTE, PA

NORTH IDAHO EYE INSTITUTE, PAEIN 82-0448111Plan #003PY 2023

1814 LINCOLN WAY - COEUR D ALENE, ID 838142540208-667-2531northidahoeye.comLinkedIn51-200 employeesmedical practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.4M

+25.5% from 2022

Total participants

184

+8.2% from 2022

Average account balance

$68,941

+11.9% from 2022

Annual return

16.48%

+32.04 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$13.15M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

178

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERCER3 years Filed as: MERCER GLOBAL ADVISORS Service code 26 · EIN 74-3257877 201 W. NORTH RIVER DRIVE · SPOKANE, WA 99201	Advisory (Participants)	$19,970
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 200 DRYDEN RD · DRESHER, PA 19025	Recordkeeping	$13,310
POWERS STROMBERG PENSION CONSULTING1 year Filed as: POWERS STROMBERG Service code 14 · EIN 26-3148951 111 N POST STREET, STE 301 · SPOKANE, WA 99201	Plan Administrator	$175

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D3H2T

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$36K

$274 / participant

Investment mgmt$36K100.0%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,941

$61,272+12.5%

$149,673-53.9%

$71,457-3.5%

Participation rate

86.3%

62.5%+23.8pp

78.8%+7.5pp

67.9%+18.3pp

Annual return

16.48%

35.85%-19.4pp

134.42%-117.9pp

28.85%-12.4pp

Employer contribution / active EE

$4,309

$2,378+81.2%

$4,818-10.6%

$2,588+66.5%

Participant deferral / active EE

$2,896

$2,917-0.7%

$5,680-49.0%

$4,289-32.5%

Admin fee / account holder

$216

$1,261-82.9%

$13,210-98.4%

$1,587-86.4%

Provider

Service type

Compensation

MERCER3 years

Filed as: MERCER GLOBAL ADVISORS

Service code 26 · EIN 74-3257877

201 W. NORTH RIVER DRIVE · SPOKANE, WA 99201

Advisory (Participants)

$19,970

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

200 DRYDEN RD · DRESHER, PA 19025

Recordkeeping

$13,310

POWERS STROMBERG PENSION CONSULTING1 year

Filed as: POWERS STROMBERG

Service code 14 · EIN 26-3148951

111 N POST STREET, STE 301 · SPOKANE, WA 99201

Plan Administrator

$175

NORTH IDAHO EYE INSTITUTE, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH IDAHO EYE INSTITUTE, PA 401(K) PROFIT SHARING 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