Plan Snapshot
- Plan Sponsor: Graystone Ophthalmology Associates, P.A.
- Sponsor EIN: 560962483
- Sponsor Address: 2424 CENTURY PLACE SE, HICKORY, NC, 28602
- Plan Type: 401(k)
- Total Participants: 292
- Total Assets: $30.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 292 | $30.7M | $500,041 | $824,788 |
| 2023 | 280 | $27.3M | $1.2M | $845,549 |
| 2022 | 212 | $22.8M | $954,323 | $737,141 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $68,053 | — | $68,053 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,053
- Estimated Expense Ratio: 0.222% 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 | $72,746 | — | $72,746 | — | — |
| 2023 | $62,528 | $150 | $62,378 | — | — |
| 2022 | $61,979 | — | $61,979 | — | — |