Plan Ledger DOL Form 5500 · updated monthly

The Eye Center of Oak Ridge, P.C.401(k)

THE EYE CENTER OF OAK RIDGE, P.C. PROFIT SHARING PLAN · OAK RIDGE, TN · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

The Eye Center of Oak Ridge, P.C. reported $137,964 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,508 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 0.61% to 0.78%. 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 583rd-largest of 1,496 plans among Tennessee employers on file, and the 3,880th of 11,911 in health care & social assistance. In 2024, the employer put in $1.39 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,593,546
Participants with balances122
Active participants82
Employer contributions$533,687
Employee contributions$384,227
Employer contribution per active participant$6,508
Average account balance$152,406
Benefits paid to participants$1,521,657
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 122 accts · $534K emplr
2023$16.9M · 111 accts · $520K emplr
2022$16.3M · 110 accts · $522K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,399
Investment management$124,565
Total administrative$137,964
The The Eye Center of Oak Ridge, P.C. 401(k) match · 2024
Employer contribution per active participant$6,508
Median for plans this size$2,416
2024$6,508 per active participant
2023$7,434 per active participant
2022$6,785 per active participant

The Eye Center of Oak Ridge, P.C.'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 · 20242
EPIC ADVISOR, INC. · Claims processing · Recordkeeping$13,399
MERIDIAN TRUST & INVESTMENT COMPANY · Accounting / audit · Claims processing$124,565

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

Recordkeeper by year2
2024EPIC ADVISOR, INC.
2023EPIC ADVISOR, INC.

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

Administrative cost history3
2024$137,964 · 0.78%
2023$115,157 · 0.69%
2022$115,022 · 0.61%
Similar plansHealth Care & Social Assistance · Tennessee
Sees Group, LLC TN$18.7M · 0.54%
Caris Healthcare, LP TN$18.2M · 0.63%
Lifelinc Corporation TN$18.1M · 1.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621602224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.