Plan Ledger DOL Form 5500 · updated monthly

Lexington Eye Associates, Inc.401(k)

LEXINGTON EYE ASSOCIATES, INC. RETIREMENT SAVINGS PLAN · LEXINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Lexington Eye Associates, Inc. reported $70,392 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $6,301 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 rose from 0.16% to 0.18%. 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 815th-largest of 2,726 plans among Massachusetts employers on file, and the 2,215th of 11,911 in health care & social assistance. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 113 to 134 since 2022.

Plan summary
Net assets, end of year$40,753,077
Participants with balances167
Active participants134
Employer contributions$844,392
Employee contributions$785,897
Employer contribution per active participant$6,301
Average account balance$244,030
Benefits paid to participants$2,659,026
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.8M · 167 accts · $844K emplr
2023$37.5M · 187 accts · $824K emplr
2022$32.9M · 186 accts · $535K emplr
The Lexington Eye Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$6,301
Median for plans this size$2,416
2024$6,301 per active participant
2023$6,244 per active participant
2022$4,738 per active participant

Lexington Eye Associates, Inc.'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 · 20243
MONETA GROUP INVESTMENT ADVISORS LL · Investment advisory (plan)$62,680
THE ANGELL PENSION GROUP INC · Contract administrator$6,780
CAPITAL GROUP RETIREMENT PLAN SERVI$2,031

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$70,392 · 0.18%
2023$56,325 · 0.16%
2022$50,865 · 0.16%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Apderm Management LLC MA$39.3M · 0.34%
Community Teamwork Inc. MA$37.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042460789 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.