Plan Ledger DOL Form 5500 · updated monthly

50FLOOR, LLC401(k)

50FLOOR 401(K) PLAN · TUCKER, GA · plan year 2023

Reported admin expense ratio · 2023
1.70%

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

50FLOOR, LLC reported $34,073 in plan administrative expenses for 2023: 1.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,288 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Georgia (1,888th of 2,160), and 4,686th of 5,337 in construction. In 2023, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,460,433
Participants with balances179
Active participants159
Employer contributions$204,847
Employee contributions$406,953
Employer contribution per active participant$1,288
Average account balance$13,745
Benefits paid to participants$98,121
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE AND MORAN PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$0
2023$2.5M · 179 accts · $205K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,073
Total administrative$34,073
The 50FLOOR, LLC 401(k) match · 2023
Employer contribution per active participant$1,288
Median for plans this size$1,308

50FLOOR, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
BAER WEALTH MANAGEMENT · Investment advisory (participants)$15,426

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history2
2024Not separately reported
2023$34,073 · 1.70%
Same employer
Similar plansConstruction · Georgia
The Roof Depot, Inc. GA$2.7M · 0.71%
Ruby-Collins, Inc. GA$2.5M · 0.93%
R S Andrews Services Inc. GA$2.1M · 0.85%
The Erosion Company, LLC GA$2.1M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208642145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.