Plan Ledger DOL Form 5500 · updated monthly

Northern Virginia Doctors of Optometry PC401(k)

NORTHERN VIRGINIA DOCTORS OF OPTOMETRY PC 401(K) PROFIT SHARING PLAN · RESTON, VA · plan year 2022

Reported admin expense ratio · 2022
0.47%

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

Northern Virginia Doctors of Optometry PC reported $23,224 in plan administrative expenses for 2022: 0.47% of average plan assets, below the peer median. Employer contributions averaged $4,105 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 health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,901st of 2,266), and 8,437th of 11,911 in health care & social assistance. In 2022, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,157,417
Participants with balances51
Active participants54
Employer contributions$221,691
Employee contributions$274,640
Employer contribution per active participant$4,105
Average account balance$81,518
Benefits paid to participants$711,251
Plan auditUnmodified (clean) audit opinion
AuditorT.E. LOTT & COMPANY
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$15,340
Investment management$3,942
Professional / advisory$3,942
Total administrative$23,224
The Northern Virginia Doctors of Optometry PC 401(k) match · 2022
Employer contribution per active participant$4,105
Median for plans this size$1,114

Northern Virginia Doctors of Optometry PC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$23,224 · 0.47%
Similar plansHealth Care & Social Assistance · Virginia
Warm Hearth, Inc. VA$4.6M · 0.62%
The Daily Planet VA$4.3M · 0.56%
New Hope Housing, Inc. VA$3.9M · 0.04%
Centralcare, Incorporated VA$3.9M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541183960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.