Plan Ledger DOL Form 5500 · updated monthly

Sightlife401(k)

SIGHTLIFE 401(K) PROFIT SHARING PLAN & TRUST · TAMPA, FL · plan year 2022

Reported admin expense ratio · 2022
0.01%

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

Sightlife reported $560 in plan administrative expenses for 2022: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $980 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,439th of 3,644), and 7,760th of 11,911 in health care & social assistance. In 2022, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,267,948
Participants with balances164
Active participants194
Employer contributions$190,125
Employee contributions$467,485
Employer contribution per active participant$980
Average account balance$32,122
Benefits paid to participants$365,080
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $142K emplr
2022$5.3M · 164 accts · $190K emplr
Administrative expenses, itemized · 2022
Investment management$560
Total administrative$560
The Sightlife 401(k) match · 2022
Employer contribution per active participant$980
Median for plans this size$1,114

Sightlife's 2022 employer contribution ran below the $1,114 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 history2
2023Not separately reported
2022$560 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Qsm Health Systems, Inc. FL$5.5M · 0.91%
Pines of Sarasota FL$5.2M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237051021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.