Plan Snapshot
- Plan Sponsor: Vance Thompson Vision Clinic, Prof. LLC
- Sponsor EIN: 454527794
- Sponsor Address: 3101 W 57TH STREET, SIOUX FALLS, SD, 57108
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 550
- Total Assets: $37.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 550 | $37.0M | $0 | $0 |
| 2024 | 442 | $27.5M | $2.2M | $1.9M |
| 2023 | 395 | $21.5M | $1.8M | $1.5M |
| 2022 | 334 | $15.0M | $1.5M | $1.2M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | Recordkeeper | $74,770 | — | $74,770 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,770
- Estimated Expense Ratio: 0.202% 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 | $1,046,523 | — | — | — | — |
| 2024 | $62,096 | — | — | — | — |
| 2023 | $43,868 | — | $40,834 | — | — |
| 2022 | $42,667 | — | $42,667 | — | — |