Plan Ledger DOL Form 5500 · updated monthly

Agamerica Lending LLC401(k)

AGAMERICA LENDING LLC 401(K) PLAN · LAKELAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Agamerica Lending LLC reported $18,896 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,903 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 0.05% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,716th-largest of 3,644 plans among Florida employers on file, and 3,914th of 4,798 in finance & insurance. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has shrunk from 136 to 113 since 2022.

Plan summary
Net assets, end of year$10,687,400
Participants with balances144
Active participants113
Employer contributions$554,018
Employee contributions$1,103,190
Employer contribution per active participant$4,903
Average account balance$74,218
Benefits paid to participants$1,299,798
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 144 accts · $554K emplr
2023$8.8M · 150 accts · $561K emplr
2022$5.3M · 174 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,896
Total administrative$18,896
The Agamerica Lending LLC 401(k) match · 2024
Employer contribution per active participant$4,903
Median for plans this size$1,313
2024$4,903 per active participant
2023$4,157 per active participant
2022$7,597 per active participant

Agamerica Lending LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$14,683
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,230
JANET A PANEBIANCO, CPA, PLLC · Contract administrator · Other services$2,025

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$18,896 · 0.19%
2023$14,157 · 0.20%
2022$2,191 · 0.05%
Same employer
Similar plansFinance & Insurance · Florida
Gis National, LLC FL$11.7M · 0.87%
Sentrics, Inc. FL$11.3M · 0.58%
Insigneo Securities, LLC FL$11.3M · 0.34%
First Bank of Clewiston FL$11.2M · 0.28%
Floridacentral Credit Union FL$10.6M · 0.41%
Venuplus Inc. FL$10.6M · 0.52%
Radifi Federal Credit Union FL$10.3M · 0.21%
Archwell Essentials FL$10.2M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 270516064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.