Plan Ledger DOL Form 5500 · updated monthly

Regional Eye Associates, Inc.401(k)

REGIONAL EYE ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN · MORGANTOWN, WV · plan year 2022

Reported admin expense ratio · 2022
0.31%

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

Regional Eye Associates, Inc. reported $31,392 in plan administrative expenses for 2022: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,499 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 $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in West Virginia (151st of 265), and 6,259th of 11,911 in health care & social assistance. In 2022, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,455,642
Participants with balances87
Active participants107
Employer contributions$160,371
Employee contributions$313,261
Employer contribution per active participant$1,499
Average account balance$97,191
Benefits paid to participants$2,042,154
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY INC.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$31,392
Total administrative$31,392
The Regional Eye Associates, Inc. 401(k) match · 2022
Employer contribution per active participant$1,499
Median for plans this size$2,266

Regional Eye Associates, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$31,392 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Fmrs Health Systems, Inc. WV$10.0M · 0.51%
Womencare, Inc. WV$8.4M · 0.75%
Change, Incorporated WV$7.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550740986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.