Plan Ledger DOL Form 5500 · updated monthly

Carolina Eye Associates, P.A.401(k)

CAROLINA EYE RETIREMENT SAVINGS PLAN & MONEY PURCHASE PLAN · SOUTHERN PINES, NC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Carolina Eye Associates, P.A. reported $75,421 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,436 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 555th-largest of 2,005 plans among North Carolina employers on file, and the 2,721st of 11,911 in health care & social assistance. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 236 to 262 since 2022.

Plan summary
Net assets, end of year$30,672,282
Participants with balances439
Active participants262
Employer contributions$638,121
Employee contributions$1,130,498
Employer contribution per active participant$2,436
Average account balance$69,869
Benefits paid to participants$2,558,178
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$30.7M · 439 accts · $638K emplr
2023$27.9M · 393 accts · $525K emplr
2022$22.7M · 334 accts · $489K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,421
Total administrative$75,421
The Carolina Eye Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$2,436
Median for plans this size$2,416
2024$2,436 per active participant
2023$2,085 per active participant
2022$2,070 per active participant

Carolina Eye Associates, P.A.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20241
NEWPORT GROUP, INC. · Plan administrator · Recordkeeping$75,422

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$75,421 · 0.26%
2023$66,725 · 0.26%
2022$60,898 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Maxwell Group Inc. NC$31.3M · 0.35%
Honorbridge NC$31.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561183309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.