Plan Ledger DOL Form 5500 · updated monthly

Richmond Eye & Ear Healthcare Alliance, Inc.401(k)

RICHMOND EYE & EAR HEALTHCARE ALLIANCE, INC. 401(K) PLAN · RICHMOND, VA · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Richmond Eye & Ear Healthcare Alliance, Inc. reported $38,937 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,458 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 0.07% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,052nd-largest of 2,266 plans among Virginia employers on file, and the 3,889th of 11,911 in health care & social assistance. In 2023, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,525,378
Participants with balances220
Active participants164
Employer contributions$567,150
Employee contributions$1,121,270
Employer contribution per active participant$3,458
Average account balance$84,206
Benefits paid to participants$2,275,701
Plan auditUnmodified (clean) audit opinion
AuditorKEITER
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 227 accts · $535K emplr
2023$18.5M · 220 accts · $567K emplr
2022$16.6M · 208 accts · $493K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,937
Total administrative$38,937
The Richmond Eye & Ear Healthcare Alliance, Inc. 401(k) match · 2023
Employer contribution per active participant$3,458
Median for plans this size$2,440
2024$2,954 per active participant
2023$3,458 per active participant
2022$3,265 per active participant

Richmond Eye & Ear Healthcare Alliance, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$38,977
WELLS FARGO ADVISORS FINANCIAL NETW · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$40,003 · 0.22%
2023$38,937 · 0.22%
2022$13,071 · 0.07%
Similar plansHealth Care & Social Assistance · Virginia
Versability Resources, Inc. VA$18.8M · 0.67%
Sunnyside Presbyterian Home VA$18.0M · 0.52%
Partnermd, LLC VA$17.9M · 0.38%
Community Residences, Inc VA$16.7M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541904435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.