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 (2021) 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 2021

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.9M

+38.6% from 2020

Total participants

404

+9.8% from 2020

Average account balance

$101,234

+26.3% from 2020

Annual return

33.52%

+31.76 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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 4 by compensation

Provider	Service type	Compensation
WASHINGTON TRUST BANK6+ years Service code 99 717 W SPRAGUE AVE · SPOKANE, WA 99201	Other Fees	$40,059
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,679
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET ASSET MANEGMENT Service code 26 35 EAST WACKER DRIVE 24TH FLOOR · CHICAGO, IL 60601	Advisory (Participants)	$7,969
NORTHERN CAPITAL MANAGEMENT1 year Service code 26 2700 S SOUTHEAST BLVD #205 · SPOKANE, WA 99223	Advisory (Participants)	$5,561

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

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

$100K

$411 / participant

Investment mgmt$38K37.5%
Contract admin$63K62.5%

% of EOY assets

0.245%

all-in expense ratio

Categories reported

2 / 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

$101,234

$61,166+65.5%

$185,849-45.5%

$79,391+27.5%

Participation rate

100.0%

66.6%+33.4pp

81.7%+18.3pp

70.7%+29.3pp

Annual return

33.52%

19.45%+14.1pp

122.10%-88.6pp

116.88%-83.4pp

Employer contribution / active EE

$5,550

$2,321+139.1%

$5,169+7.4%

$2,428+128.6%

Participant deferral / active EE

$3,952

$2,789+41.7%

$5,569-29.0%

$4,046-2.3%

Admin fee / account holder

$248

$710-65.1%

$16,244-98.5%

$627-60.4%

Provider

Service type

Compensation

WASHINGTON TRUST BANK6+ years

Service code 99

717 W SPRAGUE AVE · SPOKANE, WA 99201

Other Fees

$40,059

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,679

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET ASSET MANEGMENT

Service code 26

35 EAST WACKER DRIVE 24TH FLOOR · CHICAGO, IL 60601

Advisory (Participants)

$7,969

NORTHERN CAPITAL MANAGEMENT1 year

Service code 26

2700 S SOUTHEAST BLVD #205 · SPOKANE, WA 99223

Advisory (Participants)

$5,561

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