Retirement plan

SPOKANE EYE CLINIC, PS AND INLAND EMPIRE OPTICAL EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: SPOKANE EYE CLINIC PS - SPOKANE EYE CLINIC, PS AND INLAND EMPIRE OPTICAL EMPLOYEES 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SPOKANE EYE CLINIC PS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPOKANE EYE CLINIC, PS AND INLAND EMPIRE OPTICAL EMPLOYEES 401(K) PROFIT SHARING PLAN, SPOKANE EYE CLINIC PS

SPOKANE EYE CLINIC PSEIN 91-0852217Plan #001PY 2017

427 SOUTH BERNARD STREET - SPOKANE, WA 99204509-456-0107LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$25.8M

+18.7% from 2016

Total participants

280

+16.7% from 2016

Average account balance

$92,046

+1.8% from 2016

Annual return

11.66%

+12.37 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.06M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

411

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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
WASHINGTON TRUST BANK2+ years Service code 99 717 W SPRAGUE AVE · SPOKANE, WA 99201	Other Fees	$39,693
ESTATE & PENSION ADVISORY BOARD2+ years Filed as: ESTATE STRATEGIES, INC. Service code 26 421 W RIVERSIDE AVE STE 972 · SPOKANE, WA 992010402	Advisory (Participants)	$23,580
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,850

Plan features & details

Pension benefit codes2E2J2F2G2R3D3H

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$84K

$390 / participant

Investment mgmt$84K100.0%

% of EOY assets

0.327%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SCHOEDEL & SCHOEDEL, CPAS PLLC
Auditor EIN: 910614823
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,046

$55,453+66.0%

$170,435-46.0%

$62,293+47.8%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

11.66%

21.38%-9.7pp

205.94%-194.3pp

28.90%-17.2pp

Employer contribution / active EE

$4,670

$2,164+115.9%

$5,432-14.0%

$2,042+128.7%

Participant deferral / active EE

$3,332

$2,303+44.7%

$4,939-32.6%

$3,169+5.1%

Admin fee / account holder

$301

$455-33.9%

$13,881-97.8%

$479-37.3%

Provider

Service type

Compensation

WASHINGTON TRUST BANK2+ years

Service code 99

717 W SPRAGUE AVE · SPOKANE, WA 99201

Other Fees

$39,693

ESTATE & PENSION ADVISORY BOARD2+ years

Filed as: ESTATE STRATEGIES, INC.

Service code 26

421 W RIVERSIDE AVE STE 972 · SPOKANE, WA 992010402

Advisory (Participants)

$23,580

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,850

SPOKANE EYE CLINIC, PS AND INLAND EMPIRE OPTICAL EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPOKANE EYE CLINIC, PS AND INLAND EMPIRE OPTICAL EMPLOYEES 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