Plan Ledger DOL Form 5500 · updated monthly

St. Paul Eye Clinic, P.A.401(k)

ST. PAUL EYE CLINIC, P.A. PROFIT SHARING PLAN · WOODBURY, MN · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

St. Paul Eye Clinic, P.A. reported $2,300 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,996 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 0.01% to 0.00%. 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 479th-largest of 1,918 plans among Minnesota employers on file, and the 1,792nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves; active participation has grown from 126 to 180 since 2022.

Plan summary
Net assets, end of year$52,672,962
Participants with balances241
Active participants180
Employer contributions$1,079,223
Employee contributions$856,590
Employer contribution per active participant$5,996
Average account balance$218,560
Benefits paid to participants$1,610,452
Plan auditUnmodified (clean) audit opinion
AuditorCLIFFTONLARSONALLEN
Plan history3
Yearassets · accounts · employer contribution
2024$52.7M · 241 accts · $1.1M emplr
2023$44.6M · 210 accts · $885K emplr
2022$40.5M · 197 accts · $889K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,300
Total administrative$2,300
The St. Paul Eye Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$5,996
Median for plans this size$2,416
2024$5,996 per active participant
2023$6,319 per active participant
2022$7,059 per active participant

St. Paul Eye Clinic, P.A.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$2,300

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$2,300 · 0.00%
2023$1,666 · 0.00%
2022$2,400 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Dungarvin Group, Inc. MN$56.4M · 0.50%
Minnesota Urology P.A. MN$54.2M · 0.41%
Cirtec Medical Corporation MN$52.1M · 0.43%
Nystrom & Associates, LTD. MN$47.9M · 0.53%
Astera Health MN$46.1M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410949282 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.