Retirement plan

EMPLOYEE PROFIT SHARING PLAN OF COLORADO OPHTHALMOLOGY ASSOCIATES, P. C.

Name: COLORADO OPHTHALMOLOGY ASSOCIATES PC - EMPLOYEE PROFIT SHARING PLAN OF COLORADO OPHTHALMOLOGY ASSOCIATES, P. C. (2019) Form 5500
Creator: COLORADO OPHTHALMOLOGY ASSOCIATES PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE PROFIT SHARING PLAN OF COLORADO OPHTHALMOLOGY ASSOCIATES, P. C., COLORADO OPHTHALMOLOGY ASSOCIATES PC

COLORADO OPHTHALMOLOGY ASSOCIATES PCEIN 84-0596940Plan #002PY 2019

1666 S. UNIVERSITY - DENVER, CO 80210303-320-1777

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.1M

+23.6% from 2018

Total participants

+13.0% from 2018

Average account balance

$110,862

+23.6% from 2018

Annual return

18.38%

+24.61 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.59M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

120.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$328K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9280

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 codes2E2F2G2J3D

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.
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

$55K

$1584 / participant

Other / not subdivided$55K100.0%

% of EOY assets

1.087%

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

$110,862

$85,171+30.2%

$172,752-35.8%

$72,975+51.9%

Participation rate

82.9%

70.1%+12.8pp

82.6%+0.2pp

69.5%+13.4pp

Annual return

18.38%

27.32%-8.9pp

802.97%-784.6pp

81.01%-62.6pp

Employer contribution / active EE

$2,551

$3,324-23.3%

$5,144-50.4%

$2,440+4.6%

Participant deferral / active EE

$5,134

$3,260+57.5%

$5,198-1.2%

$3,608+42.3%

Admin fee / account holder

$1,205

$5,880-79.5%

$13,955-91.4%

$5,124-76.5%

EMPLOYEE PROFIT SHARING PLAN OF COLORADO OPHTHALMOLOGY ASSOCIATES, P. C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE PROFIT SHARING PLAN OF COLORADO OPHTHALMOLOGY ASSOCIATES, P. C.

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