Plan Ledger DOL Form 5500 · updated monthly

03 USA, Inc.401(k)

03 USA 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.63%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

03 USA, Inc. reported $41,255 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $2,162 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.08% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,156th of 3,644), and 10,152nd of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 167 to 200 since 2022.

Plan summary
Net assets, end of year$7,029,978
Participants with balances237
Active participants200
Employer contributions$432,307
Employee contributions$704,845
Employer contribution per active participant$2,162
Average account balance$29,662
Benefits paid to participants$793,207
Plan auditUnmodified (clean) audit opinion
AuditorJOSEPH ALU
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 237 accts · $432K emplr
2023$6.0M · 203 accts · $397K emplr
2022$5.3M · 199 accts · $402K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,970
Investment management$31,285
Total administrative$41,255
The 03 USA, Inc. 401(k) match · 2024
Employer contribution per active participant$2,162
Median for plans this size$1,313
2024$2,162 per active participant
2023$2,348 per active participant
2022$2,409 per active participant

03 USA, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
RAYMOND JAMES FINANCIAL SERVICE · Recordkeeping · Trustee$31,285
ADP, INC. · Loan processing · Recordkeeping$9,970

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Raymond James
2023ADP, Raymond James

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,255 · 0.63%
2023$35,241 · 0.62%
2022$61,219 · 1.08%
Similar plansManufacturing · Florida
Molekule Group, Inc. FL$7.2M · 0.40%
Tse Industries, Inc. FL$7.0M · 0.49%
Lidworks, Co. FL$6.9M · 0.72%
Viva 5, LLC dba Growve FL$6.9M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 263115252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.