Retirement plan

HARVARD EYE ASSOCIATES 401(K) PROFIT SHARING PLAN

Name: HARVARD EYE ASSOCIATES, A MEDICA - HARVARD EYE ASSOCIATES 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: HARVARD EYE ASSOCIATES, A MEDICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARVARD EYE ASSOCIATES 401(K) PROFIT SHARING PLAN, HARVARD EYE ASSOCIATES, A MEDICA

HARVARD EYE ASSOCIATES, A MEDICAEIN 95-3873981Plan #002PY 2023

23961 CALLE DE LA MAGDALENA, SUITE 300 - LAGUNA HILLS, CA 92653949-900-5229harvardeye.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.3M

+34.8% from 2022

Total participants

162

+2.5% from 2022

Average account balance

$65,159

+28.4% from 2022

Annual return

21.65%

+38.84 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.77M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

125

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.

69.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$883K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 5 by compensation

Provider	Service type	Compensation
SIGNATURE ESTATE & INVESTMENT4 years Filed as: SEIA LLC Service code 15 · EIN 95-4806910	Recordkeeping	$36,443
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$2,286
ADP BROKER-DEALER4 years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
TD AMERITRADE, INC.4 years Service code 33 · EIN 82-0543156	Distribution (12b-1) fees; Securities...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$39K

$369 / participant

Recordkeeping$1K3.0%
Investment mgmt$38K97.0%

% of EOY assets

0.468%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LANCE
Auditor EIN: 952700123
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,159

$61,356+6.2%

$149,696-56.5%

$71,511-8.9%

Participation rate

66.7%

62.5%+4.1pp

78.8%-12.1pp

67.9%-1.3pp

Annual return

21.65%

35.86%-14.2pp

134.46%-112.8pp

28.86%-7.2pp

Employer contribution / active EE

$2,787

$2,382+17.0%

$4,821-42.2%

$2,589+7.6%

Participant deferral / active EE

$5,936

$2,920+103.3%

$5,682+4.5%

$4,291+38.3%

Admin fee / account holder

$305

$1,263-75.9%

$13,212-97.7%

$1,588-80.8%

Provider

Service type

Compensation

SIGNATURE ESTATE & INVESTMENT4 years

Filed as: SEIA LLC

Service code 15 · EIN 95-4806910

Recordkeeping

$36,443

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$2,286

ADP BROKER-DEALER4 years

Service code 59 · EIN 22-3319984

Shareholder Servicing

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

TD AMERITRADE, INC.4 years

Service code 33 · EIN 82-0543156

Distribution (12b-1) fees; Securities...

HARVARD EYE ASSOCIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARVARD EYE ASSOCIATES 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