Plan Ledger DOL Form 5500 · updated monthly

Milan Eye, LLC401(k)

MILAN EYE, LLC 401(K) PLAN · CUMMING, GA · plan year 2022

Reported admin expense ratio · 2022
0.98%

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

Milan Eye, LLC reported $22,880 in plan administrative expenses for 2022: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $484 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Georgia (1,893rd of 2,160), and 10,733rd of 11,654 in professional & technical services. In 2022, employees put in $6.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,434,024
Participants with balances66
Active participants143
Employer contributions$69,195
Employee contributions$444,589
Employer contribution per active participant$484
Average account balance$36,879
Benefits paid to participants$52,639
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$2.4M · 66 accts · $69K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$12,618
Investment management$9,785
Total administrative$22,880
The Milan Eye, LLC 401(k) match · 2022
Employer contribution per active participant$484
Median for plans this size$1,114

Milan Eye, LLC's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$22,880 · 0.98%
Similar plansProfessional & Technical Services · Georgia
Allyon, Inc. GA$3.0M · 1.17%
Softpath System, LLC GA$2.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270396442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.