Plan Ledger DOL Form 5500 · updated monthly

Scp Eye Care Services, LLC401(k)

EYESOUTH PARTNERS 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Scp Eye Care Services, LLC reported $223,265 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,756 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 0.28% to 0.13%. 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 187th-largest of 2,160 plans among Georgia employers on file, and the 677th of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 2,386 to 2,831 since 2022.

Plan summary
Net assets, end of year$185,279,636
Participants with balances1,917
Active participants2,831
Employer contributions$4,970,382
Employee contributions$10,156,256
Employer contribution per active participant$1,756
Average account balance$96,651
Benefits paid to participants$13,243,188
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$185.3M · 1,917 accts · $5.0M emplr
2023$152.6M · 1,898 accts · $3.0M emplr
2022$93.4M · 1,465 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,401
Investment management$65,364
Audit (IQPA)$37,500
Total administrative$223,265
The Scp Eye Care Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,756
Median for plans this size$3,635
2024$1,756 per active participant
2023$1,128 per active participant
2022$1,405 per active participant

Scp Eye Care Services, LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
JOHN HANCOCK · Recordkeeping · Loan processing$191,637
MMA SECURITIES LLC · Investment advisory (plan)$65,000
FRAZIER & DEETER, LLC · Accounting / audit$37,500

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$223,265 · 0.13%
2023$261,994 · 0.21%
2022$272,036 · 0.28%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Floyd Healthcare Management GA$205.2M · 0.22%
Resurgens, P.C. GA$187.3M · 0.14%
Au Medical Center, Inc. GA$148.2M · 0.09%
The Longstreet Clinic, P.C. GA$143.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815171738 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.