Plan Ledger DOL Form 5500 · updated monthly

Americaribe, LLC.401(k)

AMERICARIBE, LLC 401(K) PROFIT SHARING PLAN & TRUST · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Americaribe, LLC. reported $4,388 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,319 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 0.076%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (2,225th of 3,644), and 3,651st of 5,337 in construction. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,586,061
Participants with balances124
Active participants133
Employer contributions$441,393
Employee contributions$764,098
Employer contribution per active participant$3,319
Average account balance$53,113
Benefits paid to participants$219,027
Plan auditUnmodified (clean) audit opinion
AuditorVERDEJA & ALVAREZ, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 124 accts · $441K emplr
2023$5.0M · 114 accts · $369K emplr
2022$3.6M · 104 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,388
Total administrative$4,388
The Americaribe, LLC. 401(k) match · 2024
Employer contribution per active participant$3,319
Median for plans this size$1,313
2024$3,319 per active participant
2023$2,813 per active participant
2022$2,708 per active participant

Americaribe, 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$628

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$4,388 · 0.08%
2023Not separately reported
2022$2,673 · 0.08%
Same employer
Similar plansConstruction · Florida
Jon M. Hall Company, LLC FL$6.8M · 0.71%
Bates Electric, Inc. FL$6.5M · 0.95%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 030412094 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.