Plan Ledger DOL Form 5500 · updated monthly

Midwest Eye Institute, P.C.401(k)

MIDWEST EYE INSTITUTE, P.C. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Employer contribution per participant · 2024
$6,438

Midwest Eye Institute, P.C.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $53,293,162 across 148 participant accounts, with employer contributions averaging $6,438 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.03% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 270th-largest of 1,562 plans among Indiana employers on file, and the 1,772nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves; active participation has grown from 98 to 136 since 2022.

Plan summary
Net assets, end of year$53,293,162
Participants with balances148
Active participants136
Employer contributions$875,505
Employee contributions$731,853
Employer contribution per active participant$6,438
Average account balance$360,089
Benefits paid to participants$8,742,401
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 148 accts · $876K emplr
2023$52.1M · 143 accts · $818K emplr
2022$42.1M · 136 accts · $831K emplr
Administrative expenses, itemized · 2024
Investment management$1,135
Audit (IQPA)$20,260
Total administrative-$11,564
The Midwest Eye Institute, P.C. 401(k) match · 2024
Employer contribution per active participant$6,438
Median for plans this size$3,635
2024$6,438 per active participant
2023$8,181 per active participant
2022$8,481 per active participant

Midwest Eye Institute, P.C.'s 2024 employer contribution ran above the $3,635 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.

Service providers · 20242
BGBC · Accounting / audit$20,260
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$24,254 · 0.05%
2022$14,045 · 0.03%
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Source: U.S. Department of Labor, Form 5500 series, EIN 351538522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.