Retirement plan

PACIFIC CATARACT AND LASER INSTITUTE, INC. PC 401(K) PLAN

Name: PACIFIC CATARACT AND LASER INSTITUTE, INC., PC - PACIFIC CATARACT AND LASER INSTITUTE, INC. PC 401(K) PLAN (2019) Form 5500
Creator: PACIFIC CATARACT AND LASER INSTITUTE, INC., PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC CATARACT AND LASER INSTITUTE, INC. PC 401(K) PLAN, PACIFIC CATARACT AND LASER INSTITUTE, INC., PC

PACIFIC CATARACT AND LASER INSTITUTE, INC., PCEIN 91-1394965Plan #002PY 2019

2517 NE KRESKY AVENUE - CHEHALIS, WA 98532360-748-8632pcli.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$63.3M

+24.9% from 2018

Total participants

583

-3.3% from 2018

Average account balance

$136,954

+18.7% from 2018

Annual return

21.55%

+27.60 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$92.80M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

556

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.

74.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.52M

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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
SAGEVIEW ADVISORY GROUP, LLC5+ years Filed as: SAGEVIEW ADVISORY GROUP Service code 27 1920 MAIN ST., SUITE 800 · IRVINE, CA 92614	Advisory (Plan)	$36,000
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: PUTNAM INVESTMENTS Service code 64 ONE POST OFFICE SQUARE · BOSTON, MA 02109	Recordkeeping Fees	$4,408
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$13

Plan features & details

Pension benefit codes2E2G2J2K2F3H3D2T

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$75 / participant

Investment mgmt$36K92.8%
Contract admin$3K7.2%

% of EOY assets

0.061%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,954

$62,928+117.6%

$172,753-20.7%

$67,582+102.6%

Participation rate

76.6%

64.5%+12.2pp

82.6%-6.0pp

71.3%+5.4pp

Annual return

21.55%

30.36%-8.8pp

803.00%-781.4pp

378.57%-357.0pp

Employer contribution / active EE

$2,978

$1,636+82.0%

$5,144-42.1%

$2,148+38.7%

Participant deferral / active EE

$5,957

$2,145+177.7%

$5,198+14.6%

$3,539+68.3%

Admin fee / account holder

$84

$167-49.6%

$13,956-99.4%

$142-41.0%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC5+ years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 27

1920 MAIN ST., SUITE 800 · IRVINE, CA 92614

Advisory (Plan)

$36,000

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: PUTNAM INVESTMENTS

Service code 64

ONE POST OFFICE SQUARE · BOSTON, MA 02109

Recordkeeping Fees

$4,408

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$13

PACIFIC CATARACT AND LASER INSTITUTE, INC. PC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC CATARACT AND LASER INSTITUTE, INC. PC 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