Plan Ledger DOL Form 5500 · updated monthly

St. Luke's Cataract and Laser Institute, P.A.401(k)

ST. LUKE'S CATARACT AND LASER INSTITUTE 401(K) PLAN · TARPON SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

St. Luke's Cataract and Laser Institute, P.A. reported $77,659 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. 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.

Across the 2 years on file its reported administrative ratio rose from 0.33% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,028th-largest of 3,644 plans among Florida employers on file, and the 3,385th of 11,911 in health care & social assistance. In 2024, employees put in $3.50 for every $1.00 the employer contributed; active participation has grown from 383 to 453 since 2022.

Plan summary
Net assets, end of year$22,599,536
Participants with balances522
Active participants453
Employer contributions$443,903
Employee contributions$1,555,666
Employer contribution per active participant$980
Average account balance$43,294
Benefits paid to participants$3,342,270
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.6M · 522 accts · $444K emplr
2023$21.1M · 468 accts · $418K emplr
2022$17.5M · 468 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,845
Investment management$37,814
Total administrative$77,659
The St. Luke's Cataract and Laser Institute, P.A. 401(k) match · 2024
Employer contribution per active participant$980
Median for plans this size$2,416
2024$980 per active participant
2023$1,015 per active participant
2022$1,007 per active participant

St. Luke's Cataract and Laser Institute, P.A.'s 2024 employer contribution ran below the $2,416 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
PNC BANK NA · Investment advisory (plan)$26,272
EMPOWER ADVISORY GROUP, LLC · Investment management$11,542

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$77,659 · 0.36%
2023$71,695 · 0.37%
2022$64,937 · 0.33%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Intelident Solutions, Inc. FL$22.9M · 0.96%
Forkidcare, LLC FL$22.3M · 0.20%
Sanitas USA, Inc. FL$21.5M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591224512 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.