Capital Vision Services, LLC 401(k) Review & Grade
Myeyedr. 401(k) Plan
Vienna, VAHealth Care & Social Assistance7,420 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,011Employer $ per active participant
$3,340Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$194.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 29th |
| Employee saving | 55th |
| Peers that auto-enroll | 38% |
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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
- Capital Vision Services put in about $1,011 per active participant, more than the typical peer ($800). 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 (0.24% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $7,502,213 |
| Participant (employee) contributions | $24,779,977 |
| Other contributions (incl. rollovers in) | $2,059,270 |
| Administrative expenses paid from the plan | $445,102 |
| Contract administrator fees | $351,704 |
| Investment advisory & management fees | $93,398 |
| Benefits paid out | $27,808,849 |
| Net assets, start / end of year | $169.5M / $194.2M |
| Active participants, start / end of year | 7,122 / 7,718 |
| Participants with account balances | 2,860 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Price Waterhouse Coopers LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $351,461 reported compensation |
| Kestra Advisory Services, LLC | $93,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151221NAL0000757987001, received 2025-10-13, EIN 52-2329284, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.