Plan Ledger DOL Form 5500 · updated monthly

Georgia Eye Institute of the Se LLC401(k)

GEORGIA EYE INSTITUTE OF THE SE, LLC EMPLOYEE SAVINGS TRUST · SAVANNAH, GA · plan year 2023

Reported admin expense ratio · 2023
0.34%

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

Georgia Eye Institute of the Se LLC reported $48,814 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,796 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 0.27% to 0.34%. 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 995th-largest of 2,160 plans among Georgia employers on file, and the 4,395th of 11,911 in health care & social assistance. In 2023, employees put in $1.87 for every $1.00 the employer contributed; active participation has shrunk from 244 to 191 since 2022.

Plan summary
Net assets, end of year$15,441,660
Participants with balances230
Active participants191
Employer contributions$342,998
Employee contributions$643,114
Employer contribution per active participant$1,796
Average account balance$67,138
Benefits paid to participants$1,174,623
Plan auditUnmodified (clean) audit opinion
AuditorHANCOCK ASKEW & CO
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $320K emplr
2023$15.4M · 230 accts · $343K emplr
2022$13.5M · 223 accts · $337K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,814
Total administrative$48,814
The Georgia Eye Institute of the Se LLC 401(k) match · 2023
Employer contribution per active participant$1,796
Median for plans this size$2,440
2023$1,796 per active participant
2022$1,382 per active participant

Georgia Eye Institute of the Se 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 · 20234
NATIONWIDE · Recordkeeping$38,023
COMMONWEALTH FINANCIAL NETWORK · Securities brokerage$33,613
NWRPC LLC · Plan administrator$14,127
QUALIFIED PLANS, LLC · Plan administrator$1,465

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024Not separately reported
2023$48,814 · 0.34%
2022$41,116 · 0.27%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Medquest Associates, LLC GA$16.7M · 0.84%
Primrose Holdings LLC GA$16.4M · 0.21%
US Carenet, Inc GA$15.4M · 0.06%
Medcare South, LLC GA$15.4M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300489823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.