Plan Ledger DOL Form 5500 · updated monthly

Ophthalmology Specialists of Texas, PLLC401(k)

OPHTHALMOLOGY SPECIALISTS OF TEXAS, PLLC 401(K) PLAN · ABILENE, TX · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Ophthalmology Specialists of Texas, PLLC reported $74,514 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,129 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 rose from 0.65% to 0.70%. 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 2,834th-largest of 5,688 plans among Texas employers on file, and the 5,236th of 11,911 in health care & social assistance. In 2024, the employer put in $1.76 for every $1.00 employees contributed themselves; active participation has grown from 101 to 116 since 2022.

Plan summary
Net assets, end of year$11,705,025
Participants with balances167
Active participants116
Employer contributions$594,928
Employee contributions$337,608
Employer contribution per active participant$5,129
Average account balance$70,090
Benefits paid to participants$87,972
Plan auditUnmodified (clean) audit opinion
AuditorSWAIM ACCOUNTING SERVICES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 167 accts · $595K emplr
2023$9.6M · 143 accts · $507K emplr
2022$7.6M · 134 accts · $462K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,399
Investment management$30,115
Total administrative$74,514
The Ophthalmology Specialists of Texas, PLLC 401(k) match · 2024
Employer contribution per active participant$5,129
Median for plans this size$2,416
2024$5,129 per active participant
2023$4,405 per active participant
2022$4,572 per active participant

Ophthalmology Specialists of Texas, PLLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241

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
2023John Hancock

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

Administrative cost history3
2024$74,514 · 0.70%
2023$60,190 · 0.70%
2022$55,890 · 0.65%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 450466456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.