Plan Ledger DOL Form 5500 · updated monthly

Ascendant Commercial Insurance, Inc.401(k)

ASCENDANT COMMERCIAL INSURANCE 401(K) PLAN · CORAL GABLES, FL · plan year 2023

Reported admin expense ratio · 2023
2.02%

Ascendant Commercial Insurance, Inc. reported $39,825 in plan administrative expenses for 2023: 2.02% of average plan assets, higher than ~90% of peers. 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 2.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (3,073rd of 3,644), and 4,648th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$2,181,614
Participants with balances69
Active participants128
Employer contributions—
Employee contributions$280,484
Employer contribution per active participant—
Average account balance$31,618
Benefits paid to participants$98,778
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$2.2M · 69 accts
2022$1.8M · 75 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$39,825
Total administrative$39,825
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.

Administrative cost history2
2023$39,825 · 2.02%
2022$38,646 · 2.01%
Similar plansFinance & Insurance · Florida
Marpai Inc FL$2.5M · 0.66%
Potentis Capital LLC FL$1.9M · 0.12%
8-KOI, Inc. FL$1.8M · 0.13%
Flexshopper, LLC FL$1.8M · 0.56%
A&D Mortgage LLC FL$1.5M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270835494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.