Plan Ledger DOL Form 5500 · updated monthly

Boling Vision Center, LLC401(k)

BOLING VISION CENTER, LLC EMPLOYEES' RETIREMENT PLAN · ELKHART, IN · plan year 2024

Reported admin expense ratio · 2024
0.31%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Boling Vision Center, LLC reported $17,792 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. Employer contributions averaged $191 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.36% to 0.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (1,107th of 1,562), and 7,371st of 11,911 in health care & social assistance. In 2024, employees put in $10.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,958,091
Participants with balances111
Active participants130
Employer contributions$24,773
Employee contributions$247,733
Employer contribution per active participant$191
Average account balance$53,676
Benefits paid to participants$620,390
Plan auditUnmodified (clean) audit opinion
AuditorFGMK, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 111 accts · $25K emplr
2023$5.5M · 113 accts · $28K emplr
2022$4.1M · 113 accts · $26K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,491
Investment management$4,270
Trustee / custodial$1,930
Total administrative$17,792
The Boling Vision Center, LLC 401(k) match · 2024
Employer contribution per active participant$191
Median for plans this size$1,313
2024$191 per active participant
2023$221 per active participant
2022$213 per active participant

Boling Vision Center, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TWG BENEFITS, INC. · Claims processing · Recordkeeping$11,606
CIBC PRIVATE WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$4,270
MID ATLANTIC TRUST COMPANY · Custodial (securities)$1,930

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TWG BENEFITS, INC.
2023TWG BENEFITS, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,792 · 0.31%
2023$14,450 · 0.30%
2022$16,567 · 0.36%
Similar plansHealth Care & Social Assistance · Indiana
Gibault Inc IN$6.2M · 0.10%
Home Care Providers Inc. IN$5.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205040190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.