Plan Ledger DOL Form 5500 · updated monthly

Wilmington Eye, P.A.401(k)

WILMINGTON EYE, P.A. RETIREMENT SAVINGS PLAN · WILMINGTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Wilmington Eye, P.A. reported $76,079 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,293 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 0.59% to 0.55%. 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 881st-largest of 2,005 plans among North Carolina employers on file, and the 4,497th of 11,911 in health care & social assistance. In 2024, employees put in $3.08 for every $1.00 the employer contributed; active participation has grown from 145 to 198 since 2022.

Plan summary
Net assets, end of year$14,986,019
Participants with balances199
Active participants198
Employer contributions$256,049
Employee contributions$788,350
Employer contribution per active participant$1,293
Average account balance$75,307
Benefits paid to participants$566,539
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS JUDY AND TUCKER PA
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 199 accts · $256K emplr
2023$12.7M · 180 accts · $542K emplr
2022$10.2M · 151 accts · $204K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,079
Total administrative$76,079
The Wilmington Eye, P.A. 401(k) match · 2024
Employer contribution per active participant$1,293
Median for plans this size$2,416
2024$1,293 per active participant
2023$3,208 per active participant
2022$1,404 per active participant

Wilmington Eye, P.A.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$76,079

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$76,079 · 0.55%
2023$65,204 · 0.57%
2022$64,230 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Carolina Caring, Inc. NC$15.3M · 0.47%
Alexander Youth Network NC$14.7M · 0.74%
Ashe Memorial Hospital NC$13.8M · 0.62%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 561120065 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.