Plan Ledger DOL Form 5500 · updated monthly

Wyman Sicher Eye Associates, Sc401(k)

ILLINOIS EYE CENTER 401(K) PROFIT SHARING PLAN · PEORIA, IL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Wyman Sicher Eye Associates, Sc reported $5,940 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,528 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 0.03% to 0.02%. 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 1,462nd-largest of 3,702 plans among Illinois employers on file, and the 3,104th of 11,911 in health care & social assistance. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,654,879
Participants with balances211
Active participants213
Employer contributions$751,374
Employee contributions$762,778
Employer contribution per active participant$3,528
Average account balance$121,587
Benefits paid to participants$3,036,638
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTON LARSEN ALLEN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.7M · 211 accts · $751K emplr
2023$24.5M · 199 accts · $767K emplr
2022$20.9M · 187 accts · $682K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,940
Total administrative$5,940
The Wyman Sicher Eye Associates, Sc 401(k) match · 2024
Employer contribution per active participant$3,528
Median for plans this size$2,416
2024$3,528 per active participant
2023$3,585 per active participant
2022$3,361 per active participant

Wyman Sicher Eye Associates, Sc's 2024 employer contribution ran above 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.

Administrative cost history3
2024$5,940 · 0.02%
2023$4,515 · 0.02%
2022$5,962 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Humboldt Park Health IL$25.9M · 0.39%
Vna Health Care IL$25.6M · 0.60%
Compass Health Center, LLC IL$23.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370949256 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.