Plan Ledger DOL Form 5500 · updated monthly

Florida Eye Clinic, P.A.401(k)

FLORIDA EYE CLINIC 401(K) PLAN · ALTAMONTE SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Florida Eye Clinic, P.A. reported $30,558 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. Employer contributions averaged $905 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 0.29% to 0.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,710th-largest of 3,644 plans among Florida employers on file, and the 5,501st of 11,911 in health care & social assistance. In 2024, employees put in $4.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,725,388
Participants with balances242
Active participants223
Employer contributions$201,759
Employee contributions$953,874
Employer contribution per active participant$905
Average account balance$44,320
Benefits paid to participants$574,551
Plan auditUnmodified (clean) audit opinion
AuditorMCDIRMIT DAVIS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 242 accts · $202K emplr
2023$8.7M · 275 accts · $175K emplr
2022$7.3M · 250 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,499
Investment management$59
Total administrative$30,558
The Florida Eye Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$905
Median for plans this size$1,313
2024$905 per active participant
2023$805 per active participant
2022$684 per active participant

Florida Eye Clinic, P.A.'s 2024 employer contribution ran below the $1,313 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$30,499
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$59
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Bank of America / Merrill
2023ADP

This plan has changed recordkeepers within these filings. If you left Florida Eye Clinic, P.A. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,558 · 0.31%
2023$25,004 · 0.31%
2022$24,490 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Galen Newco FL$10.8M · 1.18%
Sunil Gupta, M.D., L.L.C. FL$10.7M · 0.33%
McR Health, Inc. FL$10.5M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591493386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.