Retirement plan

LAKEWOOD EYE PHYSICIANS & SURGEONS, INC., A MED. GRP. PROFIT SHARING PLAN

Name: LAKEWOOD EYE PHYSICIANS & SURGEONS, INC. - LAKEWOOD EYE PHYSICIANS & SURGEONS, INC., A MED. GRP. PROFIT SHARING PLAN (2021) Form 5500
Creator: LAKEWOOD EYE PHYSICIANS & SURGEONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKEWOOD EYE PHYSICIANS & SURGEONS, INC., A MED. GRP. PROFIT SHARING PLAN, LAKEWOOD EYE PHYSICIANS & SURGEONS, INC.

LAKEWOOD EYE PHYSICIANS & SURGEONS, INC.EIN 95-2858745Plan #001PY 2021

3300 E. SOUTH STREET, SUITE 105 - LONG BEACH, CA 908054549562-531-2020LinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.7M

+22.3% from 2020

Total participants

+3.5% from 2020

Average account balance

$110,443

+20.8% from 2020

Annual return

23.56%

-3.34 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.57M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$474K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+28.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4817

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 codes2E2F2G2J2R2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$230K

$4105 / participant

Other / not subdivided$230K100.0%

% of EOY assets

2.635%

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

$110,443

$95,406+15.8%

$185,849-40.6%

$85,847+28.7%

Participation rate

83.9%

68.8%+15.2pp

81.7%+2.2pp

69.3%+14.6pp

Annual return

23.56%

23.59%0pp

122.10%-98.5pp

318.61%-295.0pp

Employer contribution / active EE

$3,314-100.0%

$5,169-100.0%

$2,565-100.0%

Participant deferral / active EE

$2,484

$3,424-27.5%

$5,569-55.4%

$3,952-37.2%

Admin fee / account holder

$2,910

$7,214-59.7%

$16,244-82.1%

$6,261-53.5%

LAKEWOOD EYE PHYSICIANS & SURGEONS, INC., A MED. GRP. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKEWOOD EYE PHYSICIANS & SURGEONS, INC., A MED. GRP. 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