Plan Snapshot
- Plan Sponsor: Regional Eye Associates, INC.
- Sponsor EIN: 550740986
- Sponsor Address: 1255 PINEVIEW DRIVE, MORGANTOWN, WV, 26505
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 40
- Total Assets: $278,697
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 40 | $278,697 | $0 | $0 |
| 2024 | 60 | $124,742 | $892,314 | $0 |
| 2023 | 63 | $66,606 | $513,183 | $170,986 |
| 2022 | 49 | $87,586 | $132,280 | $74 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $36,055 | — | $36,055 |
| HEALTHNOW | Recordkeeper | $30,524 | — | $30,524 |
| HUNTINGTON INSURANCE (PITT) | Investment Advisor | $11,153 | — | $11,153 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,732
- Estimated Expense Ratio: 27.891% 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 |
|---|---|---|---|---|---|
| 2025 | $626,369 | — | — | — | — |
| 2024 | $844,964 | — | — | — | — |
| 2023 | $740,502 | — | — | — | — |
| 2022 | $67,177 | — | — | — | — |