Plan Ledger DOL Form 5500 · updated monthly

Banco Itau International401(k)

BANCO ITAU INTERNATIONAL 401(K) · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Banco Itau International reported $24,550 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,806 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 fell from 0.15% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 462nd-largest of 3,644 plans among Florida employers on file, and the 1,439th of 4,798 in finance & insurance. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$61,145,130
Participants with balances354
Active participants274
Employer contributions$2,412,938
Employee contributions$3,512,861
Employer contribution per active participant$8,806
Average account balance$172,726
Benefits paid to participants$5,904,357
Plan auditUnmodified (clean) audit opinion
AuditorBERKOWITZ POLLACK BRANT
Plan history3
Yearassets · accounts · employer contribution
2024$61.1M · 354 accts · $2.4M emplr
2023$53.9M · 355 accts · $2.2M emplr
2022$42.0M · 350 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,550
Investment management$22,000
Total administrative$24,550
The Banco Itau International 401(k) match · 2024
Employer contribution per active participant$8,806
Median for plans this size$3,635
2024$8,806 per active participant
2023$8,436 per active participant
2022$8,653 per active participant

Banco Itau International's 2024 employer contribution ran above the $3,635 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$22,000
ADP, INC. · Loan processing · Recordkeeping$2,550
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,550 · 0.04%
2023$24,686 · 0.05%
2022$67,278 · 0.15%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 042488669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.