Plan Ledger DOL Form 5500 · updated monthly

Adacel Systems Inc.401(k)

ADACEL SYSTEMS INC. RETIREMENT PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Adacel Systems Inc. reported $37,427 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,648 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 3 years on file its reported administrative ratio has held roughly steady near 0.635%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,314th of 3,644), and 9,370th of 11,654 in professional & technical services. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 85 to 132 since 2022.

Plan summary
Net assets, end of year$6,074,612
Participants with balances136
Active participants132
Employer contributions$217,542
Employee contributions$304,878
Employer contribution per active participant$1,648
Average account balance$44,666
Benefits paid to participants$1,127,344
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 136 accts · $218K emplr
2023$5.7M · 111 accts · $186K emplr
2022$5.0M · 125 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,530
Investment management$19,897
Total administrative$37,427
The Adacel Systems Inc. 401(k) match · 2024
Employer contribution per active participant$1,648
Median for plans this size$1,313
2024$1,648 per active participant
2023$2,359 per active participant
2022$2,085 per active participant

Adacel Systems 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
JOHN HANCOCK · Recordkeeping · Loan processing$17,530
LOCKTON INVESTMENT · Investment advisory (plan)$19,897

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

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

Administrative cost history3
2024$37,427 · 0.64%
2023$33,487 · 0.63%
2022$34,423 · 0.64%
Similar plansProfessional & Technical Services · Florida
Mindteck, Inc. FL$6.2M · 0.54%
Payspan Inc. FL$6.1M · 0.58%
Amtis, Inc. FL$6.0M · 0.98%
Blackfish Federal, LLC FL$6.0M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760655867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.