Plan Ledger DOL Form 5500 · updated monthly

Solinsky Eyecare LLC401(k)

SOLINSKY EYECARE LLC 401(K) PROFIT SHARING PLAN & TRUST · WEST HARTFORD, CT · plan year 2023

Reported admin expense ratio · 2023
0.32%

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

Solinsky Eyecare LLC reported $24,355 in plan administrative expenses for 2023: 0.32% of average plan assets, below the peer median. Employer contributions averaged $3,634 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 1 year on file its reported administrative ratio rose from 0.32% to 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (807th of 1,106), and 6,370th of 11,911 in health care & social assistance. In 2023, the employer put in $1.02 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,187,430
Participants with balances141
Active participants103
Employer contributions$374,342
Employee contributions$366,717
Employer contribution per active participant$3,634
Average account balance$58,067
Benefits paid to participants$464,990
Plan auditUnmodified (clean) audit opinion
AuditorBELFINT, LYONS, SHUMAN, P.A.
Plan history2
Yearassets · accounts · employer contribution
2024$8.0M · 117 accts · $469K emplr
2023$8.2M · 141 accts · $374K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,283
Trustee / custodial$72
Total administrative$24,355
The Solinsky Eyecare LLC 401(k) match · 2023
Employer contribution per active participant$3,634
Median for plans this size$1,308
2024$4,789 per active participant
2023$3,634 per active participant

Solinsky Eyecare LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2024$37,747 · 0.47%
2023$24,355 · 0.32%
Similar plansHealth Care & Social Assistance · Connecticut
Whitney Center, Inc. CT$9.0M · 0.56%
Horizons Programs, Inc. CT$8.9M · 0.22%
New Opportunities, Inc. CT$7.9M · 0.43%
Community Options, Inc. CT$7.8M · 0.37%
Marc, Inc. of Manchester CT$7.8M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061354112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.