Plan Ledger DOL Form 5500 · updated monthly

Ophthalmic Consultants of Boston, Inc.401(k)

OPHTHALMIC CONSULTANTS OF BOSTON, INC. 401(K) PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Ophthalmic Consultants of Boston, Inc. reported $192,549 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $4,873 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 0.22% to 0.17%. 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 397th-largest of 2,726 plans among Massachusetts employers on file, and the 971st of 11,911 in health care & social assistance. In 2024, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$116,600,763
Participants with balances732
Active participants541
Employer contributions$2,636,329
Employee contributions$3,193,081
Employer contribution per active participant$4,873
Average account balance$159,291
Benefits paid to participants$9,061,737
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$116.6M · 732 accts · $2.6M emplr
2023$106.3M · 733 accts · $2.2M emplr
2022$92.9M · 807 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,196
Total administrative$192,549
The Ophthalmic Consultants of Boston, Inc. 401(k) match · 2024
Employer contribution per active participant$4,873
Median for plans this size$3,635
2024$4,873 per active participant
2023$4,360 per active participant
2022$3,067 per active participant

Ophthalmic Consultants of Boston, Inc.'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.

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
ICAPITAL ELITE · Consulting$113,353
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$79,196

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$192,549 · 0.17%
2023$184,176 · 0.18%
2022$192,045 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Commonwealth Care Alliance MA$128.4M · 0.15%
Alerislife, Inc. MA$128.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042500346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.