Plan Ledger DOL Form 5500 · updated monthly

Johnson City Eye Clinic, PC401(k)

JOHNSON CITY EYE CLINIC, PC 401(K) RETIREMENT PLAN · JOHNSON CITY, TN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Johnson City Eye Clinic, PC reported $35,906 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $6,304 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 fell from 0.15% to 0.13%. 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 429th-largest of 1,496 plans among Tennessee employers on file, and the 2,860th of 11,911 in health care & social assistance. In 2024, the employer put in $1.58 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$28,891,273
Participants with balances166
Active participants117
Employer contributions$737,559
Employee contributions$466,963
Employer contribution per active participant$6,304
Average account balance$174,044
Benefits paid to participants$3,292,165
Plan auditUnmodified (clean) audit opinion
AuditorBLACKBURN, CHILDERS & STEAGALL CPA
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 166 accts · $738K emplr
2023$27.8M · 146 accts · $614K emplr
2022$24.7M · 157 accts · $810K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,783
Trustee / custodial$7,123
Total administrative$35,906
The Johnson City Eye Clinic, PC 401(k) match · 2024
Employer contribution per active participant$6,304
Median for plans this size$2,416
2024$6,304 per active participant
2023$5,390 per active participant
2022$7,429 per active participant

Johnson City Eye Clinic, PC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$28,783
NEWPORT TRUST COMPANY · Trustee$7,123

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$35,906 · 0.13%
2023$27,797 · 0.11%
2022$36,184 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Qualderm Partners, LLC TN$30.6M · 0.35%
Gastroenterology Associates TN$29.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621137305 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.