Plan Ledger DOL Form 5500 · updated monthly

Best Doctors Insurance Services401(k)

BEST DOCTORS INSURANCE SERVICES 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Best Doctors Insurance Services reported $26,533 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $2,533 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 0.39% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (1,954th of 3,644), and 4,127th of 4,798 in finance & insurance. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,510,254
Participants with balances163
Active participants121
Employer contributions$306,515
Employee contributions$794,244
Employer contribution per active participant$2,533
Average account balance$52,210
Benefits paid to participants$589,163
Plan auditUnmodified (clean) audit opinion
AuditorVERDEJA AND ALVAREZ, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 163 accts · $307K emplr
2023$6.8M · 157 accts · $289K emplr
2022$5.8M · 161 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,533
Total administrative$26,533
The Best Doctors Insurance Services 401(k) match · 2024
Employer contribution per active participant$2,533
Median for plans this size$1,313
2024$2,533 per active participant
2023$2,510 per active participant
2022$2,075 per active participant

Best Doctors Insurance Services's 2024 employer contribution ran above the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$26,532

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
2023ADP

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

Administrative cost history3
2024$26,533 · 0.35%
2023$25,006 · 0.39%
2022$25,826 · 0.39%
Similar plansFinance & Insurance · Florida
Globalvcard LLC FL$8.7M · 0.56%
Sunz Holdings, LLC FL$8.7M · 0.03%
Axiom Bank FL$8.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264045938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.