Plan Snapshot
- Plan Sponsor: Midwest Eye Institute, P.C.
- Sponsor EIN: 351538522
- Sponsor Address: 11220 ILLINOIS STREET, CARMEL, IN, 46032
- Plan Type: 401(k)
- Total Participants: 136
- Total Assets: $53.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 136 | $53.3M | $875,505 | $731,853 |
| 2023 | 100 | $52.1M | $818,091 | $787,252 |
| 2022 | 98 | $42.1M | $831,149 | $659,959 |
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 |
|---|---|---|---|---|
| BGBC | ACCOUNTANT/AUDITOR | $20,260 | — | $20,260 |
| CBIZ CPAS P.C. | Auditor | $20,260 | — | $20,260 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BGBC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,520
- Estimated Expense Ratio: 0.076% 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 | -$11,564 | $1,135 | — | $20,260 | — |
| 2023 | $24,254 | $444 | — | — | — |
| 2022 | $14,045 | $21 | — | — | — |