Retirement plan

EYESIGHT HOLDING CO., LLC 401(K) PLAN

Name: EYESIGHT HOLDING CO., LLC - EYESIGHT HOLDING CO., LLC 401(K) PLAN (2022) Form 5500
Creator: EYESIGHT HOLDING CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EYESIGHT HOLDING CO., LLC 401(K) PLAN, EYESIGHT HOLDING CO., LLC

EYESIGHT HOLDING CO., LLCEIN 83-2511512Plan #001PY 2022

3000 ALTAMESA BLVD., SUITE 300 - FT. WORTH, TX 76133817-710-7575

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+11.0% from 2021

Total participants

829

+11.0% from 2021

Average account balance

$10,809

+9.8% from 2021

Annual return

-19.26%

-34.26 pp from 2021

Benchmarks

See 251 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort251 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.38M

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.

899

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.85M

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

+13.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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 5 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP4+ years Filed as: PENSION SOLUTIONS INC Service code 15 · EIN 73-1521434 9116 N KELLEY AVE · OKLAHOMA CITY, OK 73131	Recordkeeping	$57,012
NATIONWIDE4+ years Service code 18 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 73215	Recordkeeping fees; Custodial (other ...	$43,546
MERIT BENEFITS GROUP, INC.2 years Filed as: MERIT FINANCIAL ADVISORS Service code 26 · EIN 45-3686413 2400 LAKEVIEW PKWY STE 550 · ALPHARETTA, GA 30009	Advisory (Participants)	$25,727
WEAVER AND TIDWELL, LLP2 years Filed as: WEAVER AND TIDWELL LLP Service code 49 2821 WEST 7TH STREET STE 700 · FORT WORTH, TX 76107	Other Services	$13,905
IRON-CO-FID-COMPREHENSIVE3 years Filed as: IRON-CO-FID --TRADITIONAL Service code 27 · EIN 26-2409128 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Advisory (Plan)	$4,450

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$145K

$236 / participant

Investment mgmt$74K51.0%
Contract admin$57K39.4%
Other / not subdivided$14K9.6%

% of EOY assets

2.056%

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: WEAVER & TIDWELL LLP
Auditor EIN: 750178631
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,809

$74,188-85.4%

$115,756-90.7%

$64,819-83.3%

Participation rate

70.9%

76.2%-5.3pp

77.1%-6.2pp

71.5%-0.6pp

Annual return

-19.26%

-11.81%-7.5pp

143.14%-162.4pp

32.84%-52.1pp

Employer contribution / active EE

$2,984

$3,365-11.3%

$3,793-21.3%

$2,507+19.0%

Participant deferral / active EE

$1,283

$5,294-75.8%

$6,254-79.5%

$4,311-70.2%

Admin fee / account holder

$222

$148+49.8%

$8,124-97.3%

$188+18.3%

Provider

Service type

Compensation

PENSION ASSURANCE LLP4+ years

Filed as: PENSION SOLUTIONS INC

Service code 15 · EIN 73-1521434

9116 N KELLEY AVE · OKLAHOMA CITY, OK 73131

Recordkeeping

$57,012

NATIONWIDE4+ years

Service code 18 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 73215

Recordkeeping fees; Custodial (other ...

$43,546

MERIT BENEFITS GROUP, INC.2 years

Filed as: MERIT FINANCIAL ADVISORS

Service code 26 · EIN 45-3686413

2400 LAKEVIEW PKWY STE 550 · ALPHARETTA, GA 30009

Advisory (Participants)

$25,727

WEAVER AND TIDWELL, LLP2 years

Filed as: WEAVER AND TIDWELL LLP

Service code 49

2821 WEST 7TH STREET STE 700 · FORT WORTH, TX 76107

Other Services

$13,905

IRON-CO-FID-COMPREHENSIVE3 years

Filed as: IRON-CO-FID --TRADITIONAL

Service code 27 · EIN 26-2409128

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Advisory (Plan)

$4,450

EYESIGHT HOLDING CO., LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EYESIGHT HOLDING CO., LLC 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