Plan Ledger DOL Form 5500 · updated monthly

The Seeing Eye, Inc.403(b)

THE SEEING EYE, INC. MATCHED SAVINGS PLAN · MORRISTOWN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

The Seeing Eye, Inc. reported $62,935 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,218 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 0.28% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 906th-largest of 2,419 plans among New Jersey employers on file, and the 188th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,114,008
Participants with balances223
Active participants183
Employer contributions$405,803
Employee contributions$794,322
Employer contribution per active participant$2,218
Average account balance$117,103
Benefits paid to participants$1,511,667
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 223 accts · $406K emplr
2023$23.7M · 218 accts · $381K emplr
2022$22.7M · 215 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,935
Total administrative$62,935
Employer contributions to the The Seeing Eye, Inc. plan · 2024
Employer contribution per active participant$2,218
Median for plans this size$2,416
2024$2,218 per active participant
2023$2,118 per active participant
2022$2,132 per active participant

The Seeing Eye, Inc.'s 2024 employer contribution ran below the $2,416 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
VALIC RETIREMENT SERVICES CO · Custodial (securities) · Investment advisory (participants)$62,935

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$62,935 · 0.25%
2023$56,077 · 0.24%
2022$70,774 · 0.28%
Same employer
Similar plansAgriculture, Forestry & Fishing · New Jersey
Lummus Technology LLC NJ$112.7M · 0.03%
Limoneira Company CA$26.4M · 0.36%
Crystal Valley Cooperative MN$26.4M · 0.26%
Stine Seed Farm, Inc. IA$26.2M · 0.42%
Sun Pacific Shippers, LP CA$26.0M · 0.30%
Riverence Farms LLC ID$25.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221539721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.