Plan Ledger DOL Form 5500 · updated monthly

Tri-Century Eye Care, P.C.401(k)

TRI-CENTURY EYE CARE, P.C. 401(K) PROFIT SHARING PLAN · SOUTHAMPTON, PA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Tri-Century Eye Care, P.C. reported $62,500 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $6,130 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 0.28% to 0.30%. 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 1,444th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,419th of 11,911 in health care & social assistance. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$22,215,697
Participants with balances113
Active participants89
Employer contributions$545,611
Employee contributions$476,698
Employer contribution per active participant$6,130
Average account balance$196,599
Benefits paid to participants$778,468
Plan auditUnmodified (clean) audit opinion
AuditorJOSEPH P. MELVIN COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 113 accts · $546K emplr
2023$19.0M · 118 accts · $536K emplr
2022$15.5M · 113 accts · $497K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,884
Investment management$41,616
Total administrative$62,500
The Tri-Century Eye Care, P.C. 401(k) match · 2024
Employer contribution per active participant$6,130
Median for plans this size$2,416
2024$6,130 per active participant
2023$5,824 per active participant
2022$5,397 per active participant

Tri-Century Eye Care, 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
JOHN HANCOCK · Recordkeeping$20,884
VALLEY FORGE INVESTMENT CONSULANTS · Investment advisory (participants) · Investment advisory (plan)$41,616

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$62,500 · 0.30%
2023$49,931 · 0.29%
2022$51,232 · 0.28%
Similar plansHealth Care & Social Assistance · Pennsylvania
Pma Medical Specialists PA$24.4M · 0.18%
Step by Step, Inc. PA$23.8M · 0.39%
Presbyterian Seniorcare PA$22.2M · 0.56%
Family Counseling Center PA$22.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 861072293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.