Plan Ledger DOL Form 5500 · updated monthly

Edina Eye Physicians & Surgeons, P.A. dba Twin Cities Eye Consultants401(k)

TWIN CITIES EYE CONSULTANTS 401(K) PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Edina Eye Physicians & Surgeons, P.A. dba Twin Cities Eye Consultants reported $133,170 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,112 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 0.76% to 0.54%. 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 765th-largest of 1,918 plans among Minnesota employers on file, and the 3,097th of 11,911 in health care & social assistance. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,864,733
Participants with balances180
Active participants151
Employer contributions$771,969
Employee contributions$991,560
Employer contribution per active participant$5,112
Average account balance$143,693
Benefits paid to participants$2,268,845
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 180 accts · $772K emplr
2023$23.8M · 177 accts · $666K emplr
2022$20.2M · 186 accts · $792K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,193
Investment management$120,977
Total administrative$133,170
The Edina Eye Physicians & Surgeons, P.A. dba Twin Cities Eye Consultants 401(k) match · 2024
Employer contribution per active participant$5,112
Median for plans this size$2,416
2024$5,112 per active participant
2023$4,410 per active participant
2022$5,243 per active participant

Edina Eye Physicians & Surgeons, P.A. dba Twin Cities Eye Consultants'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 · 20243
ACCREDITED INVESTORS INC · Investment advisory (participants)$81,912
CHRISTENSEN GROUP FINANCIAL LLC · Investment advisory (plan)$25,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,192

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$133,170 · 0.54%
2023$119,752 · 0.54%
2022$172,015 · 0.76%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Lifespark Group, LLC MN$27.7M · 0.84%
Welia Health MN$26.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410947717 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.