Plan Ledger DOL Form 5500 · updated monthly

Bayview Asset Management LLC401(k)

BAYVIEW ASSET MANAGEMENT LLC 401(K) PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Bayview Asset Management LLC reported $232,613 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $3,029 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 0.19% to 0.11%. 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 160th-largest of 3,644 plans among Florida employers on file, and the 533rd of 4,798 in finance & insurance. In 2024, employees put in $2.95 for every $1.00 the employer contributed; active participation has grown from 1,426 to 1,638 since 2022.

Plan summary
Net assets, end of year$229,981,950
Participants with balances2,099
Active participants1,638
Employer contributions$4,961,425
Employee contributions$14,623,784
Employer contribution per active participant$3,029
Average account balance$109,567
Benefits paid to participants$15,595,659
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$230.0M · 2,099 accts · $5.0M emplr
2023$190.6M · 2,030 accts · $3.7M emplr
2022$163.6M · 2,308 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,036
Investment management$63,577
Total administrative$232,613
The Bayview Asset Management LLC 401(k) match · 2024
Employer contribution per active participant$3,029
Median for plans this size$3,635
2024$3,029 per active participant
2023$2,675 per active participant
2022$4,079 per active participant

Bayview Asset Management LLC's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$169,035
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$63,577

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$232,613 · 0.11%
2023$254,346 · 0.14%
2022$360,169 · 0.19%
Same employer
Similar plansFinance & Insurance · Florida
Corient Services LLC FL$267.2M · 0.12%
Pscu Incorporated FL$261.9M · 0.16%
Fcci Services, Inc. FL$253.8M · 0.07%
Bankunited, Inc. FL$247.1M · 0.12%
Seacoast National Bank FL$178.4M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262961971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.