Plan Ledger DOL Form 5500 · updated monthly

Berger Singerman, LLP401(k)

BERGER SINGERMAN, LLP 401(K) AND PROFIT-SHARING PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Berger Singerman, LLP reported $123,633 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $11,319 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 3 years on file its reported administrative ratio has held roughly steady near 0.193%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 434th-largest of 3,644 plans among Florida employers on file, and the 2,089th of 11,654 in professional & technical services. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 144 to 159 since 2022.

Plan summary
Net assets, end of year$68,830,109
Participants with balances213
Active participants159
Employer contributions$1,799,700
Employee contributions$2,272,604
Employer contribution per active participant$11,319
Average account balance$323,146
Benefits paid to participants$2,398,605
Plan auditUnmodified (clean) audit opinion
AuditorBERKOWITZ POLLACK BRANT ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$68.8M · 213 accts · $1.8M emplr
2023$59.1M · 210 accts · $1.6M emplr
2022$50.6M · 208 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,594
Investment management$63,039
Total administrative$123,633
The Berger Singerman, LLP 401(k) match · 2024
Employer contribution per active participant$11,319
Median for plans this size$3,635
2024$11,319 per active participant
2023$11,216 per active participant
2022$10,558 per active participant

Berger Singerman, LLP'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 · 20244
JOHN HANCOCK USA · Recordkeeping · Investment management$152,366
DEFINITI, LLC · Recordkeeping$14,517
OSAIC ADVISORY SERVICES, LLC · Investment advisory (participants)$74,148
BERKOWITZ POLLACK BRANT · Accounting / audit$26,689

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

Recordkeeper by year2
2024Definiti, John Hancock
2023Definiti, John Hancock

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Administrative cost history3
2024$123,633 · 0.19%
2023$110,434 · 0.20%
2022$101,858 · 0.19%
Same employer
Similar plansProfessional & Technical Services · Florida
Kubicki Draper, P.A. FL$71.6M · 0.24%
Aerodyne Industries LLC FL$70.1M · 0.50%
Allvue Systems, LLC FL$61.0M · 0.16%
Iqnavigator, Inc. FL$59.6M · 0.24%
Cole, Scott & Kissane, P.A. FL$59.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453121429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.