Plan Ledger DOL Form 5500 · updated monthly

Admiral Farragut Academy, Inc.403(b)

ADMIRAL FARRAGUT ACADEMY, INC. 403(B) DC PLAN · ST. PETERSBURG, FL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Admiral Farragut Academy, Inc. reported $29,482 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $1,624 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 0.22% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is the 1,751st-largest of 3,644 plans among Florida employers on file, and 2,093rd of 3,091 in educational services. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,276,064
Participants with balances187
Active participants122
Employer contributions$198,110
Employee contributions$299,538
Employer contribution per active participant$1,624
Average account balance$54,952
Benefits paid to participants$945,263
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 187 accts · $198K emplr
2023$9.7M · 178 accts · $179K emplr
2022$8.9M · 182 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,609
Investment management$9,873
Total administrative$29,482
Employer contributions to the Admiral Farragut Academy, Inc. plan · 2024
Employer contribution per active participant$1,624
Median for plans this size$1,313
2024$1,624 per active participant
2023$1,356 per active participant
2022$1,497 per active participant

Admiral Farragut Academy, 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 · 20245
UBS FINANCIAL SERVICES, INC. · Investment advisory (plan)$9,873
RETIREMENT SOLUTIONS SPECIALISTS · Contract administrator$1,025
TIAA · Contract administrator$600
EMPOWER ADVISORY GROUP, LLC · Investment management$324

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$29,482 · 0.30%
2023$21,527 · 0.23%
2022$20,684 · 0.22%
Similar plansEducational Services · Florida
Als Education, LLC FL$10.3M · 0.98%
The Cushman School, Inc. FL$9.2M · 0.19%
Florida College, Inc. FL$8.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593038365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.