Plan Ledger DOL Form 5500 · updated monthly

Florida Eye Health Services, LLC401(k)

FLORIDA EYE HEALTH SERVICES, LLC 401(K) RETIREMENT PLAN · FORT MYERS, FL · plan year 2023

Reported admin expense ratio · 2023
0.60%

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

Florida Eye Health Services, LLC reported $74,086 in plan administrative expenses for 2023: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,091 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 1 year on file its reported administrative ratio rose from 0.51% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,443rd-largest of 3,644 plans among Florida employers on file, and the 4,729th of 11,911 in health care & social assistance. In 2023, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,807,411
Participants with balances742
Active participants393
Employer contributions$821,753
Employee contributions$1,505,082
Employer contribution per active participant$2,091
Average account balance$18,608
Benefits paid to participants$1,618,462
Plan auditUnmodified (clean) audit opinion
AuditorHSC/TUSCAN & COMPANY, PA
Plan history2
Yearassets · accounts · employer contribution
2023$13.8M · 742 accts · $822K emplr
2022$11.0M · 673 accts · $771K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$74,086
Total administrative$74,086
The Florida Eye Health Services, LLC 401(k) match · 2023
Employer contribution per active participant$2,091
Median for plans this size$2,440
2023$2,091 per active participant
2022$1,658 per active participant

Florida Eye Health Services, LLC's 2023 employer contribution ran below the $2,440 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 · 20233
MERRILL LYNCH PIERCE FENNER SMITH · Investment advisory (plan)$34,678
PROGRESSIVE PENSION ADMIN., INC. · Contract administrator$10,626

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

Administrative cost history2
2023$74,086 · 0.60%
2022$59,296 · 0.51%
Similar plansHealth Care & Social Assistance · Florida
Patriot National Inc. FL$14.1M · 0.10%
Apalachee Center, Inc. FL$14.0M · 0.69%
Tower Imaging, LLC FL$13.8M · 0.02%
Summit Care II, Inc. FL$13.7M · 0.03%
Bioserenity USA Inc. FL$13.7M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844387020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.