Plan Ledger DOL Form 5500 · updated monthly

National Vision, Inc.401(k)

NATIONAL VISION, INC. 401(K) RETIREMENT SAVINGS PLAN · DULUTH, GA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

National Vision, Inc. reported $994,989 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $363 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 0.77% to 0.45%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 144th-largest of 2,160 plans among Georgia employers on file, and the 192nd of 5,215 in retail trade. In 2024, employees put in $6.65 for every $1.00 the employer contributed; active participation has grown from 10,586 to 12,384 since 2022.

Plan summary
Net assets, end of year$234,800,258
Participants with balances13,165
Active participants12,384
Employer contributions$4,497,484
Employee contributions$29,911,836
Employer contribution per active participant$363
Average account balance$17,835
Benefits paid to participants$35,288,060
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$234.8M · 13,165 accts · $4.5M emplr
2023$205.9M · 12,209 accts · $4.9M emplr
2022$160.8M · 11,853 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$944,989
Total administrative$994,989
The National Vision, Inc. 401(k) match · 2024
Employer contribution per active participant$363
Median for plans this size$3,635
2024$363 per active participant
2023$437 per active participant
2022$402 per active participant

National Vision, Inc.'s 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$944,989
ATLANTA CONSULTING GROUP ADVISORS · Investment advisory (plan)$50,000

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$994,989 · 0.45%
2023$1,077,658 · 0.59%
2022$1,305,354 · 0.77%
Same employer
Similar plansRetail Trade · Georgia
The Home Depot, Inc. GA$15.7B · 0.14%
Ieh Auto Parts LLC GA$288.6M · 0.14%
Yancey Bros. Co GA$231.8M · 0.17%
Aaron's, LLC GA$186.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581910859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.