Plan Ledger DOL Form 5500 · updated monthly

Amerant Bank, N.A.401(k)

AMERANT BANK, N.A. RETIREMENT BENEFITS PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Amerant Bank, N.A. reported $1,100 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,206 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 0.12% to 0.00%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 245th-largest of 3,644 plans among Florida employers on file, and the 768th of 4,798 in finance & insurance. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$141,626,535
Participants with balances1,031
Active participants720
Employer contributions$3,747,995
Employee contributions$6,249,340
Employer contribution per active participant$5,206
Average account balance$137,368
Benefits paid to participants$17,824,562
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$141.6M · 1,031 accts · $3.7M emplr
2023$129.5M · 1,015 accts · $3.6M emplr
2022$117.5M · 971 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Investment management$50,000
Total administrative$1,100
The Amerant Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$5,206
Median for plans this size$3,635
2024$5,206 per active participant
2023$5,238 per active participant
2022$4,931 per active participant

Amerant Bank, N.A.'s 2024 employer contribution ran above the $3,635 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
NFP RETIREMENT INC · Investment advisory (plan)$50,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$1,100 · 0.00%
2023$147,165 · 0.12%
2022$161,013 · 0.12%
Same employer
Similar plansFinance & Insurance · Florida
Seacoast National Bank FL$178.4M · 0.16%
Vystar Credit Union FL$175.7M · 0.08%
Emigrant Bank FL$162.3M · 0.10%
Emigrant Bank FL$129.4M · 0.12%
Range Generation Next LLC FL$112.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591846933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.