Plan Snapshot
- Plan Sponsor: Associated Eye Care, Ltd.
- Sponsor EIN: 411000647
- Sponsor Address: 1719 TOWER DRIVE WEST,, STILLWATER, MN, 55082
- Plan Type: 401(k)
- Total Participants: 244
- Total Assets: $31.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 244 | $31.0M | $518,090 | $1.3M |
| 2023 | 237 | $26.3M | $402,036 | $1.0M |
| 2022 | 191 | $21.3M | $372,920 | $892,880 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MURRAY FINANCIAL GROUP, LLC | SERVICE PROVIDER | — | $51,269 | $51,269 |
| ASCENSUS | THIRD PARTY ADMINISTRATO | — | $9,769 | $9,769 |
| HANCOCK & ROBINSON CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,038
- Estimated Expense Ratio: 0.197% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $6,360 | — | $5,860 | — | — |
| 2023 | $9,120 | — | $9,120 | — | — |
| 2022 | $5,770 | — | $5,770 | — | — |