Plan Ledger DOL Form 5500 · updated monthly

Staar Surgical Company401(k)

STAAR SURGICAL COMPANY 401(K) PLAN · MONROVIA, CA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Staar Surgical Company reported $251,365 in plan administrative expenses for 2024: 0.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,482 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 3 years on file its reported administrative ratio has held roughly steady near 0.444%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,405th-largest of 9,483 plans among California employers on file, and the 1,506th of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 584 to 754 since 2022.

Plan summary
Net assets, end of year$65,527,605
Participants with balances799
Active participants754
Employer contributions$3,379,470
Employee contributions$6,311,950
Employer contribution per active participant$4,482
Average account balance$82,012
Benefits paid to participants$1,959,845
Plan auditUnmodified (clean) audit opinion
AuditorMUN CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$65.5M · 799 accts · $3.4M emplr
2023$47.6M · 708 accts · $2.7M emplr
2022$33.7M · 587 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$251,365
Total administrative$251,365
The Staar Surgical Company 401(k) match · 2024
Employer contribution per active participant$4,482
Median for plans this size$3,635
2024$4,482 per active participant
2023$3,824 per active participant
2022$3,434 per active participant

Staar Surgical Company's 2024 employer contribution ran above the $3,635 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 · 20241
JOHN HANCOCK · Recordkeepingindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$251,365 · 0.44%
2023$186,581 · 0.46%
2022$154,220 · 0.44%
Same employer
Similar plansHealth Care & Social Assistance · California
Sansum Clinic CA$67.1M · 0.21%
Sutter Bay Hospitals CA$67.1M · 0.02%
St. Rose Hospital CA$63.5M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953797439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.