A.B. Property Services, Inc. dba Happy Floors401(k)
HAPPY FLOORS / CERAMIC TECHNICS 401(K) PLAN · MIAMI, FL · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
A.B. Property Services, Inc. dba Happy Floors reported $12,597 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,979 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 rose from 0.09% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,779th-largest of 3,644 plans among Florida employers on file, and 2,918th of 4,246 in wholesale trade. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 301 to 376 since 2022.
A.B. Property Services, Inc. dba Happy Floors'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 592763281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.