Plan Ledger DOL Form 5500 · updated monthly

Dakota Eye Institute, PC401(k)

DAKOTA EYE 401(K) PLAN · BISMARCK, ND · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Dakota Eye Institute, PC reported $73,180 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $4,159 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 0.26% to 0.24%. 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 80th-largest of 279 plans among North Dakota employers on file, and the 2,724th of 11,911 in health care & social assistance. In 2024, employees put in $1.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,663,660
Participants with balances175
Active participants144
Employer contributions$598,926
Employee contributions$729,744
Employer contribution per active participant$4,159
Average account balance$175,221
Benefits paid to participants$4,398,803
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, MARTZ & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$30.7M · 175 accts · $599K emplr
2023$29.3M · 169 accts · $794K emplr
2022$26.6M · $715K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,526
Investment management$43,589
Total administrative$73,180
The Dakota Eye Institute, PC 401(k) match · 2024
Employer contribution per active participant$4,159
Median for plans this size$2,416
2024$4,159 per active participant
2023$5,555 per active participant
2022$5,143 per active participant

Dakota Eye Institute, PC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
MORGAN STANLEY · Investment advisory (plan)$42,851
EMPOWER ADVISORY GROUP, LLC · Investment management$738
DAKOTA EYE INSTITUTE$65

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

Administrative cost history3
2024$73,180 · 0.24%
2023$78,222 · 0.28%
2022$76,246 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · North Dakota
Mid Dakota Clinic, P.C. ND$81.0M · 0.18%
Valley Senior Living ND$34.4M · 0.41%
Hit, Inc. ND$27.4M · 0.02%
Anne Carlsen Center ND$26.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450413089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.