Plan Ledger DOL Form 5500 · updated monthly

Omni Ophthalmic Management Consultants LLC401(k)

OMNI OPHTHALMIC MANAGEMENT CONSULTANTS 401(K) PROFIT SHARING PLAN · ISELIN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Omni Ophthalmic Management Consultants LLC reported $154,506 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,632 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 0.44% to 0.40%. 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 671st-largest of 2,419 plans among New Jersey employers on file, and the 2,240th of 11,911 in health care & social assistance. In 2024, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,027,303
Participants with balances530
Active participants431
Employer contributions$703,258
Employee contributions$2,197,771
Employer contribution per active participant$1,632
Average account balance$75,523
Benefits paid to participants$5,294,894
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.0M · 530 accts · $703K emplr
2023$37.2M · 618 accts · $945K emplr
2022$30.6M · 665 accts · $909K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$154,506
Total administrative$154,506
The Omni Ophthalmic Management Consultants LLC 401(k) match · 2024
Employer contribution per active participant$1,632
Median for plans this size$2,416
2024$1,632 per active participant
2023$2,397 per active participant
2022$2,257 per active participant

Omni Ophthalmic Management Consultants LLC's 2024 employer contribution ran below the $2,416 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.

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 · 20244
JOHN HANCOCK TRUST COMPANY LLC · Recordkeeping · Loan processing$71,435
PLANNED RETIREMENT CONSULTANTS · Recordkeeping · Loan processing$13,524
HAUSER RETIREMENT SOLUTIONS LLC · Investment advisory (plan)$45,102
CLIFTONLARSONALLEN LLP · Accounting / audit$25,375

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

Recordkeeper by year2
2024John Hancock, PLANNED RETIREMENT CONSULTANTS
2023John Hancock, PLANNED RETIREMENT CONSULTANTS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$154,506 · 0.40%
2023$138,292 · 0.41%
2022$133,748 · 0.44%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Consensus Medical Group NJ$41.4M · 0.25%
Eclc of Nj NJ$36.3M · 0.05%
Wasc Holding LLC NJ$35.7M · 0.15%
Tenafly Pediatrics, P.A. NJ$35.6M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223768675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.