Plan Ledger DOL Form 5500 · updated monthly

Angelos Recycled Materials401(k)

ANGELOS RECYCLED MATERIALS 401(K) PLAN · ST PETERSBURG, FL · plan year 2023

Reported admin expense ratio · 2023
1.87%

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

Angelos Recycled Materials reported $13,451 in plan administrative expenses for 2023: 1.87% of average plan assets, above the peer median. Employer contributions averaged $2,414 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 1 year on file its reported administrative ratio fell from 3.53% to 1.87%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (3,360th of 3,644), and 2,198th of 2,534 in administrative & support services. In 2023, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$993,529
Participants with balances104
Active participants101
Employer contributions$243,820
Employee contributions$359,169
Employer contribution per active participant$2,414
Average account balance$9,553
Benefits paid to participants$202,996
Plan auditUnmodified (clean) audit opinion
AuditorCANTWELL
Plan history2
Yearassets · accounts · employer contribution
2023$994K · 104 accts · $244K emplr
2022$448K · 116 accts · $205K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,451
Total administrative$13,451
The Angelos Recycled Materials 401(k) match · 2023
Employer contribution per active participant$2,414
Median for plans this size$522
2023$2,414 per active participant
2022$1,939 per active participant

Angelos Recycled Materials's 2023 employer contribution ran above the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$13,451

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

Administrative cost history2
2023$13,451 · 1.87%
2022$15,840 · 3.53%
Same employer
Similar plansAdministrative & Support Services · Florida
Hinterland Group FL$1.4M · 0.21%
Prime General, LLC FL$1.0M · 1.81%
National Sourcing Inc FL$986K · 0.65%
Activus Connect LLC FL$916K · 2.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593448428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.