Plan Ledger DOL Form 5500 · updated monthly

Gailey Eye Clinic, LTD.401(k)

GAILEY EYE CLINIC, LTD. 401K RETIREMENT SAVINGS PLAN · BLOOMINGTON, IL · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Gailey Eye Clinic, LTD. reported $61,571 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,203 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 3 years on file its reported administrative ratio has held roughly steady near 0.230%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,344th-largest of 3,702 plans among Illinois employers on file, and the 2,850th of 11,911 in health care & social assistance. In 2024, employees put in $1.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,969,903
Participants with balances287
Active participants238
Employer contributions$762,250
Employee contributions$790,956
Employer contribution per active participant$3,203
Average account balance$100,940
Benefits paid to participants$664,737
Plan auditUnmodified (clean) audit opinion
AuditorSTRIEGEL, KNOBLOCH & CO. LLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.0M · 287 accts · $762K emplr
2023$24.6M · 285 accts · $621K emplr
2022$23.2M · 305 accts · $634K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,571
Total administrative$61,571
The Gailey Eye Clinic, LTD. 401(k) match · 2024
Employer contribution per active participant$3,203
Median for plans this size$2,416
2024$3,203 per active participant
2023$2,713 per active participant
2022$2,757 per active participant

Gailey Eye Clinic, LTD.'s 2024 employer contribution ran above the $2,416 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 · 20245
SECURITIES AMERICA, INC · Investment advisory (plan)$19,093
MESIROW · Investment advisory (plan)$13,061
OSAIC WEALTH INC. · Investment advisory (plan)$7,090

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$61,571 · 0.23%
2023$56,257 · 0.24%
2022$58,607 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Heart & Vascular Partners IL$29.9M · 0.48%
Clearbrook IL$29.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370924192 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.