Plan Ledger DOL Form 5500 · updated monthly

Simon Eye Management LLC401(k)

SIMON EYE MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST · WILMINGTON, DE · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Simon Eye Management LLC reported $38,116 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $2,124 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 4 years on file its reported administrative ratio rose from 0.38% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Delaware (153rd of 242), and the 5,739th of 11,911 in health care & social assistance. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 140 to 195 since 2020.

Plan summary
Net assets, end of year$9,888,174
Participants with balances172
Active participants195
Employer contributions$414,129
Employee contributions$808,810
Employer contribution per active participant$2,124
Average account balance$57,489
Benefits paid to participants$1,407,849
Plan auditUnmodified (clean) audit opinion
AuditorWHISMAN GIORDANO & ASSOCIATES, LLC
Plan history4
Yearassets · accounts · employer contribution
2024$9.9M · 172 accts · $414K emplr
2023$8.8M · 156 accts · $378K emplr
2022$6.5M · 155 accts · $369K emplr
2020$5.2M · 166 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,545
Investment management$22,711
Trustee / custodial$860
Total administrative$38,116
The Simon Eye Management LLC 401(k) match · 2024
Employer contribution per active participant$2,124
Median for plans this size$1,313
2024$2,124 per active participant
2023$2,111 per active participant
2022$2,225 per active participant
2020$2,585 per active participant

Simon Eye Management LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PAYCHEX, INC. · Recordkeeping$14,545
DIVERSIFIED, LLC · Investment advisory (participants)$16,775
DIVERSIFIED ENTERPRISES LLC · Investment advisory (participants)$5,936

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023DIVERSIFIED, LLC, Paychex

This plan has changed recordkeepers within these filings. If you left Simon Eye Management LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2024$38,116 · 0.41%
2023$29,491 · 0.39%
2022$39,926 · 0.60%
2020$17,428 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Delaware
Mary Campbell Center DE$9.4M · 0.65%
Cerebral, Inc. DE$7.2M · 1.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832231457 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.