Plan Ledger DOL Form 5500 · updated monthly

Eye Physicians and Surgeons of Augusta, P.C.401(k)

EYE PHYSICIANS AND SURGEONS OF AUGUSTA, P. C. 401(K) PROFIT SHARING PLAN · AUGUSTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Eye Physicians and Surgeons of Augusta, P.C. reported $58,456 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $3,256 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 0.93% to 0.80%. 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 Georgia (1,239th of 2,160), and the 5,639th of 11,911 in health care & social assistance. In 2023, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,202,288
Participants with balances129
Active participants108
Employer contributions$351,642
Employee contributions$438,418
Employer contribution per active participant$3,256
Average account balance$79,088
Benefits paid to participants$917,077
Plan auditUnmodified (clean) audit opinion
AuditorSEROTTA MADDOCKS EVANS & CO., CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 121 accts · $329K emplr
2023$10.2M · 129 accts · $352K emplr
2022$8.9M · 131 accts · $336K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$58,456
Total administrative$58,456
The Eye Physicians and Surgeons of Augusta, P.C. 401(k) match · 2023
Employer contribution per active participant$3,256
Median for plans this size$1,308
2024$3,108 per active participant
2023$3,256 per active participant
2022$2,972 per active participant

Eye Physicians and Surgeons of Augusta, P.C.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
FIRST CITIZENS BANK AND TRUST · Investment advisory (plan)$20,000
EMPOWER ADVISORY GROUP, LLC · Investment management$2,265
ASCENSUS HOLDINGS INC DBA · Contract administrator$1,250
EYE PHYSICIANS & SURGEONS OF$16

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$73,350 · 0.80%
2023$58,456 · 0.61%
2022$101,607 · 0.93%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Specialty Management, Inc. GA$10.8M · 0.27%
Hospice Savannah, Inc. GA$10.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582425038 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.