Plan Ledger DOL Form 5500 · updated monthly

Applied Aquatic Management, Inc.401(k)

APPLIED AQUATIC EMPLOYEE RETIREMENT PLAN · EAGLE LAKE, FL · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Applied Aquatic Management, Inc. reported $20,359 in plan administrative expenses for 2023: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,950 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 has held roughly steady near 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,375th of 3,644), and 1,372nd of 2,534 in administrative & support services. In 2023, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,646,160
Participants with balances93
Active participants91
Employer contributions$177,471
Employee contributions$256,611
Employer contribution per active participant$1,950
Average account balance$60,711
Benefits paid to participants$146,590
Plan auditUnmodified (clean) audit opinion
AuditorSCARBROUGH & ASSOCIATES, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$5.6M · 93 accts · $177K emplr
2022$4.6M · 104 accts · $166K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,359
Total administrative$20,359
The Applied Aquatic Management, Inc. 401(k) match · 2023
Employer contribution per active participant$1,950
Median for plans this size$1,308
2023$1,950 per active participant
2022$1,840 per active participant

Applied Aquatic Management, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
STARBRIDGE BENEFITS SOLUTIONS · Recordkeeping · Loan processing$4,482
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$3,076
WELLS FARGO CLEARING SERVICES, LLC · Investment advisory (plan)$21,917

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$20,359 · 0.40%
2022$18,871 · 0.39%
Similar plansAdministrative & Support Services · Florida
Vengroff Williams, Inc. FL$6.0M · 1.13%
Hunter Warfield, Inc. FL$5.3M · 0.78%
Cell Staff LLC FL$5.1M · 1.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592100923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.