Plan Ledger DOL Form 5500 · updated monthly

American Florist Supply, Inc.401(k)

AMERICAN FLORIST SUPPLY, INC. 401(K) PROFIT SHARING PLAN & TRU · WILMINGTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

American Florist Supply, Inc. reported $53,346 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $475 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 0.71% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Massachusetts (2,002nd of 2,726), and 3,113th of 4,246 in wholesale trade. In 2024, employees put in $5.91 for every $1.00 the employer contributed; active participation has shrunk from 228 to 184 since 2022.

Plan summary
Net assets, end of year$8,629,056
Participants with balances234
Active participants184
Employer contributions$87,393
Employee contributions$516,894
Employer contribution per active participant$475
Average account balance$36,876
Benefits paid to participants$554,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 234 accts · $87K emplr
2023$7.7M · 214 accts · $94K emplr
2022$7.1M · 271 accts · $89K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,714
Investment management$22,632
Total administrative$53,346
The American Florist Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$475
Median for plans this size$1,313
2024$475 per active participant
2023$574 per active participant
2022$392 per active participant

American Florist Supply, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
ADP, INC. · Loan processing · Recordkeeping$30,714
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$22,631
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$53,346 · 0.65%
2023$56,530 · 0.77%
2022$57,981 · 0.71%
Similar plansWholesale Trade · Massachusetts
A.R. Sandri, Inc. MA$8.7M · 0.43%
Tsg Enterprises, LLC MA$8.5M · 0.85%
Lewa America Inc MA$7.9M · 0.06%
Maki Corporation MA$7.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043541519 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.