Plan Ledger DOL Form 5500 · updated monthly

Eye Surgeons of Richmond, Inc.401(k)

EYE SURGEONS OF RICHMOND, INC. PROFIT SHARING PLAN & TRUST · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Eye Surgeons of Richmond, Inc. reported $231,494 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,643 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 0.33% to 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 382nd-largest of 2,266 plans among Virginia employers on file, and the 1,465th of 11,911 in health care & social assistance. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves; active participation has grown from 293 to 335 since 2022.

Plan summary
Net assets, end of year$68,849,892
Participants with balances609
Active participants335
Employer contributions$2,225,360
Employee contributions$1,768,214
Employer contribution per active participant$6,643
Average account balance$113,054
Benefits paid to participants$8,076,557
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS, HARDY & JOHNSTONE, PC
Plan history3
Yearassets · accounts · employer contribution
2024$68.8M · 609 accts · $2.2M emplr
2023$65.3M · 584 accts · $2.1M emplr
2022$55.9M · 552 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,022
Investment management$110,772
Audit (IQPA)$17,700
Total administrative$231,494
The Eye Surgeons of Richmond, Inc. 401(k) match · 2024
Employer contribution per active participant$6,643
Median for plans this size$3,635
2024$6,643 per active participant
2023$6,899 per active participant
2022$6,674 per active participant

Eye Surgeons of Richmond, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$103,022
FIRST CLEARING, LLC · Investment advisory (plan)$110,772
HARRIS, HARDY & JOHNSTONE, P.C. · Accounting / audit$17,700
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$231,494 · 0.35%
2023$205,338 · 0.34%
2022$200,621 · 0.33%
Similar plansHealth Care & Social Assistance · Virginia
Virginia Physicians, Inc. VA$66.0M · 0.22%
Trusted Doctors LLC VA$62.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541119248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.