Plan Ledger DOL Form 5500 · updated monthly

A Beka Book, Inc.401(k)

A BEKA BOOK, INC. 401(K) RETIREMENT PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

A Beka Book, Inc. reported $40,091 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,922 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 0.24% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,176th-largest of 3,644 plans among Florida employers on file, and the 1,581st of 5,215 in retail trade. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,505,820
Participants with balances289
Active participants278
Employer contributions$534,333
Employee contributions$735,861
Employer contribution per active participant$1,922
Average account balance$64,034
Benefits paid to participants$1,860,657
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 289 accts · $534K emplr
2023$17.1M · 317 accts · $454K emplr
2022$14.4M · 294 accts · $420K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,046
Investment management$10,695
Audit (IQPA)$7,350
Total administrative$40,091
The A Beka Book, Inc. 401(k) match · 2024
Employer contribution per active participant$1,922
Median for plans this size$2,416
2024$1,922 per active participant
2023$1,677 per active participant
2022$1,628 per active participant

A Beka Book, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$7,500
CARR, RIGGS & INGRAM, LLC · Accounting / audit$7,350
EMPOWER ADVISORY GROUP, LLC · Investment management$3,195

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

Administrative cost history3
2024$40,091 · 0.23%
2023$30,220 · 0.19%
2022$38,775 · 0.24%
Similar plansRetail Trade · Florida
Sunshine Ace Hardware, Inc. FL$19.1M · 0.43%
Tom Bush Volkswagen Inc FL$19.0M · 0.26%
Galati Yacht Sales, LLC FL$19.0M · 0.39%
Myers Auto Group, LLC FL$17.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593391229 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.