Retirement plan

SOUTH BAY EYE INSTITUTE RETIREMENT PLAN

Name: AARCHAN JOSHI, M.D., INC. DBA SOUTH BAY EYE INSTITUTE MEDICAL GROUP. I - SOUTH BAY EYE INSTITUTE RETIREMENT PLAN (2018) Form 5500
Creator: AARCHAN JOSHI, M.D., INC. DBA SOUTH BAY EYE INSTITUTE MEDICAL GROUP. I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH BAY EYE INSTITUTE RETIREMENT PLAN, AARCHAN JOSHI, M.D., INC. DBA SOUTH BAY EYE INSTITUTE MEDICAL GROUP. I

AARCHAN JOSHI, M.D., INC. DBA SOUTH BAY EYE INSTITUTE MEDICAL GROUP. IEIN 95-4781290Plan #001PY 2018

520 N. PROSPECT, STE. 206 - REDONDO BEACH, CA 90277310-376-8850LinkedIn11-50 employeesmedical practice

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

-1.5% from 2017

Total participants

+18.2% from 2017

Average account balance

$159,760

+9.4% from 2017

Annual return

-7.41%

-22.68 pp from 2017

Benchmarks

See 105,561 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,561 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.21M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$96K

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

+13.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45722

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 codes2E2F2G2J3D

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$900

$100 / participant

Other / not subdivided$900100.0%

% of EOY assets

0.063%

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

$159,760

$180,462-11.5%

$154,111+3.7%

$135,379+18.0%

Participation rate

55.6%

87.4%-31.9pp

83.0%-27.5pp

82.6%-27.1pp

Annual return

-7.41%

888.17%-895.6pp

735.18%-742.6pp

519.79%-527.2pp

Employer contribution / active EE

$2,491

$6,036-58.7%

$5,298-53.0%

$4,779-47.9%

Participant deferral / active EE

$7,166

$5,806+23.4%

$5,081+41.0%

$5,609+27.8%

Admin fee / account holder

$100

$16,145-99.4%

$13,411-99.3%

$10,828-99.1%

SOUTH BAY EYE INSTITUTE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH BAY EYE INSTITUTE RETIREMENT 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