Plan Ledger DOL Form 5500 · updated monthly

Retina Associates of Cleveland, Inc401(k)

RACI 401K PLAN · BEACHWOOD, OH · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Retina Associates of Cleveland, Inc reported $128,881 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,206 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 0.85% to 0.72%. 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 1,414th-largest of 3,295 plans among Ohio employers on file, and the 3,919th of 11,911 in health care & social assistance. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,316,830
Participants with balances220
Active participants248
Employer contributions$1,043,059
Employee contributions$901,962
Employer contribution per active participant$4,206
Average account balance$83,258
Benefits paid to participants$3,039,735
Plan auditUnmodified (clean) audit opinion
AuditorBARNES WENDLING CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 220 accts · $1.0M emplr
2023$17.4M · 227 accts · $889K emplr
2022$15.2M · 233 accts · $851K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,455
Investment management$50,426
Total administrative$128,881
The Retina Associates of Cleveland, Inc 401(k) match · 2024
Employer contribution per active participant$4,206
Median for plans this size$2,416
2024$4,206 per active participant
2023$3,557 per active participant
2022$3,376 per active participant

Retina Associates of Cleveland, Inc'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 · 20243
NFP RETIREMENT INC · Investment advisory (plan)$50,426
DEFINITI LLC · Contract administrator$4,955

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$128,881 · 0.72%
2023$132,626 · 0.81%
2022$139,007 · 0.85%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Southeast, Inc. OH$18.9M · 0.52%
O'Neill Management, LLC OH$18.1M · 0.39%
Windsor House, Inc. OH$17.9M · 0.41%
Equitas Health OH$17.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341411937 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.