Plan Ledger DOL Form 5500 · updated monthly

Graystone Ophthalmology Associates, P.A.401(k)

GRAYSTONE OPHTHALMOLOGY ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN · HICKORY, NC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Graystone Ophthalmology Associates, P.A. reported $72,746 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,712 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 0.251%. 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 556th-largest of 2,005 plans among North Carolina employers on file, and the 2,722nd of 11,911 in health care & social assistance. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 212 to 292 since 2022.

Plan summary
Net assets, end of year$30,669,544
Participants with balances315
Active participants292
Employer contributions$500,041
Employee contributions$824,788
Employer contribution per active participant$1,712
Average account balance$97,364
Benefits paid to participants$1,227,513
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, HOLLAND, WHITESELL & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$30.7M · 315 accts · $500K emplr
2023$27.3M · 277 accts · $1.2M emplr
2022$22.8M · 250 accts · $954K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,746
Total administrative$72,746
The Graystone Ophthalmology Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$1,712
Median for plans this size$2,416
2024$1,712 per active participant
2023$4,266 per active participant
2022$4,502 per active participant

Graystone Ophthalmology Associates, P.A.'s 2024 employer contribution ran below 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 · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$68,053

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$72,746 · 0.25%
2023$62,528 · 0.25%
2022$61,979 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Maxwell Group Inc. NC$31.3M · 0.35%
Honorbridge NC$31.3M · 0.14%
Everyage NC$29.0M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560962483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.