Plan Ledger DOL Form 5500 · updated monthly

Accusoft Corporation401(k)

ACCUSOFT CORPORATION 401(K) PLAN · TAMPA, FL · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Accusoft Corporation reported $75,351 in plan administrative expenses for 2023: 0.44% of average plan assets, above the peer median. Employer contributions averaged $4,735 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 0.64% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,172nd-largest of 3,644 plans among Florida employers on file, and the 5,802nd of 11,654 in professional & technical services. In 2023, employees put in $2.45 for every $1.00 the employer contributed; active participation has shrunk from 155 to 108 since 2022.

Plan summary
Net assets, end of year$18,590,771
Participants with balances195
Active participants108
Employer contributions$511,376
Employee contributions$1,253,720
Employer contribution per active participant$4,735
Average account balance$95,337
Benefits paid to participants$2,118,460
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 183 accts · $463K emplr
2023$18.6M · 195 accts · $511K emplr
2022$16.0M · 241 accts · $557K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$75,351
Total administrative$75,351
The Accusoft Corporation 401(k) match · 2023
Employer contribution per active participant$4,735
Median for plans this size$2,440
2024$3,649 per active participant
2023$4,735 per active participant
2022$3,595 per active participant

Accusoft Corporation's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. 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 · 20235
ROYAL FUND MANAGEMENT, LLC · Investment advisory (plan)$32,879
JOSEPH R. FAULK$9,929
MARTIN, MARTIN, RANDALL & ASSOCIATE · Contract administrator$9,500
EMPOWER ADVISORY GROUP · Investment management$3,739

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$75,070 · 0.42%
2023$75,351 · 0.44%
2022$106,600 · 0.64%
Same employer
Similar plansProfessional & Technical Services · Florida
Inspirata Inc. FL$19.5M · 0.10%
Titan Technologies, LLC FL$19.4M · 0.40%
Daszkal Bolton LLP FL$18.8M · 0.12%
Finser Corporation FL$18.6M · 0.37%
Lighthouse HR Services, LLC FL$18.4M · 0.69%
Team Cymru, Inc. FL$17.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391808391 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.