Plan Ledger DOL Form 5500 · updated monthly

Eye Associates of Southern Indiana401(k)

EYE ASSOCIATES OF SOUTHERN INDIANA 401(K) PLAN · JEFFERSONVILLE, IN · plan year 2023

Reported admin expense ratio · 2023
0.74%

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

Eye Associates of Southern Indiana reported $71,944 in plan administrative expenses for 2023: 0.74% of average plan assets, above the peer median. Employer contributions averaged $1,765 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 rose from 0.75% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (862nd of 1,562), and the 5,460th of 11,911 in health care & social assistance. In 2023, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,856,129
Participants with balances127
Active participants167
Employer contributions$294,806
Employee contributions$590,225
Employer contribution per active participant$1,765
Average account balance$85,481
Benefits paid to participants$106,393
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 142 accts · $333K emplr
2023$10.9M · 127 accts · $295K emplr
2022$8.5M · 127 accts · $277K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,808
Investment management$46,348
Trustee / custodial$2,788
Total administrative$71,944
The Eye Associates of Southern Indiana 401(k) match · 2023
Employer contribution per active participant$1,765
Median for plans this size$1,308
2024$2,031 per active participant
2023$1,765 per active participant
2022$1,720 per active participant

Eye Associates of Southern Indiana's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT GROUP, INC. · Recordkeeping$22,808
AXIOM FINANCIAL STRATEGIES GROUP · Investment advisory (participants) · Investment advisory (plan)$46,348

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$88,183 · 0.85%
2023$71,944 · 0.74%
2022$68,650 · 0.75%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Echo Community Health Care IN$10.6M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351995025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.