Plan Ledger DOL Form 5500 · updated monthly

Apollo Bank401(k)

APOLLO BANK 401(K) PLAN · MIAMI, FL · plan year 2022

Reported admin expense ratio · 2022
0.72%

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

Apollo Bank reported $46,588 in plan administrative expenses for 2022: 0.72% of average plan assets, above the peer median. Employer contributions averaged $2,146 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (2,284th of 3,644), and 4,352nd of 4,798 in finance & insurance. In 2022, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,235,979
Participants with balances100
Active participants79
Employer contributions$169,564
Employee contributions$537,607
Employer contribution per active participant$2,146
Average account balance$62,360
Benefits paid to participants$477,772
Plan auditUnmodified (clean) audit opinion
AuditorH&CO LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$6.2M · 100 accts · $170K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$46,588
Total administrative$46,588
The Apollo Bank 401(k) match · 2022
Employer contribution per active participant$2,146
Median for plans this size$1,114

Apollo Bank's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$46,588 · 0.72%
Similar plansFinance & Insurance · Florida
Carisk Partners, Inc. FL$6.5M · 0.01%
Terrabank, N.A. FL$6.2M · 0.08%
Hillsborough Title, Inc. FL$5.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651066544 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.