Plan Ledger DOL Form 5500 · updated monthly

Best Labor Contractors, LLC401(k)

BEST LABOR 401(K) PLAN · CORAL GABLES, FL · plan year 2025

Reported admin expense ratio · 2025
1.20%

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

Best Labor Contractors, LLC reported $62,661 in plan administrative expenses for 2025: 1.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $773 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 fell from 1.70% to 1.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,313th of 3,644), and 1,329th of 2,534 in administrative & support services. In 2025, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,074,702
Participants with balances151
Active participants560
Employer contributions$432,751
Employee contributions$688,385
Employer contribution per active participant$773
Average account balance$40,230
Benefits paid to participants$204,746
Plan auditUnmodified (clean) audit opinion
AuditorKSDT CPA LLP
Plan history4
Yearassets · accounts · employer contribution
2025$6.1M · 151 accts · $433K emplr
2024$4.4M · 140 accts · $398K emplr
2023$3.0M · 126 accts · $328K emplr
2022$1.8M · 124 accts · $269K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$62,661
Total administrative$62,661
The Best Labor Contractors, LLC 401(k) match · 2025
Employer contribution per active participant$773
Median for plans this size$1,464
2025$773 per active participant
2024$665 per active participant
2023$614 per active participant
2022$470 per active participant

Best Labor Contractors, LLC's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,296

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

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

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

Administrative cost history4
2025$62,661 · 1.20%
2024$46,429 · 1.25%
2023$34,420 · 1.42%
2022$26,418 · 1.70%
Same employer
Similar plansAdministrative & Support Services · Florida
Vengroff Williams, Inc. FL$6.0M · 1.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208090106 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.