Eyesight Holding Co., LLC 401(k) Review & Grade
Eyesight Holding Co., LLC 401(k) Plan
FT. Worth, TXManagement of Companies1,007 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$855Employer $ per active participant
$1,976Employee $ saved per active participant
1.18%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
$13,758Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 5th |
| Employee saving | 13th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($522,442 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Eyesight Holding Co. put in about $855 per active participant, below the typical peer ($2,492). Any match is still an instant return, so contribute enough to get all of it.
- 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 (1.18% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $860,538 |
| Participant (employee) contributions | $1,989,973 |
| Other contributions (incl. rollovers in) | $36,683 |
| Administrative expenses paid from the plan | $130,389 |
| Contract administrator fees | $22,385 |
| Investment advisory & management fees | $53,287 |
| Benefits paid out | $1,445,284 |
| Net assets, start / end of year | $9.6M / $12.4M |
| Active participants, start / end of year | 1,333 / 681 |
| Participants with account balances | 899 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver & Tidwell LLP |
Largest service providers (Schedule C)
| Nationwide | $54,717 reported compensation |
| Merit Financial Advisors | $41,960 reported compensation |
| Pension Solutions Inc | $22,385 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155425NAL0010490114002, received 2025-10-15, EIN 83-2511512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.