Eye Health America, LLC 401(k) Review & Grade
Eye Health America 401(k) Plan
Easley, SCHealth Care & Social Assistance1,166 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,715Employer $ per active participant
$3,939Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$45.3MNet plan assets, end of year
$33,001Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 11th |
| Employee saving | 68th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Eye Health America put in about $1,715 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.76% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,999,849 |
| Participant (employee) contributions | $4,593,144 |
| Other contributions (incl. rollovers in) | $682,756 |
| Administrative expenses paid from the plan | $312,358 |
| Investment advisory & management fees | $53,587 |
| Other admin expenses | $250 |
| Benefits paid out | $4,399,481 |
| Net assets, start / end of year | $37.0M / $45.3M |
| Active participants, start / end of year | 1,146 / 1,186 |
| Participants with account balances | 1,373 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $175,110 reported compensation |
| Retirement Solutions Specialists | $69,330 reported compensation |
| Excalibur Financial Group Inc | $53,587 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009154738NAL0007236721001, received 2025-10-09, EIN 82-3212492, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.