Plan Ledger DOL Form 5500 · updated monthly

Brevard Achievement Center401(k)

BREVARD ACHIEVEMENT CENTER, INC. 401(K) SAVINGS PLAN · ROCKLEDGE, FL · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Brevard Achievement Center reported $13,243 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,176 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 rose from 0.18% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,137th of 3,644), and 6,803rd of 11,911 in health care & social assistance. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has shrunk from 108 to 96 since 2022.

Plan summary
Net assets, end of year$7,131,992
Participants with balances118
Active participants96
Employer contributions$208,917
Employee contributions$397,975
Employer contribution per active participant$2,176
Average account balance$60,441
Benefits paid to participants$761,653
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 118 accts · $209K emplr
2023$6.5M · 108 accts · $209K emplr
2022$5.7M · 107 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,193
Total administrative$13,243
The Brevard Achievement Center 401(k) match · 2024
Employer contribution per active participant$2,176
Median for plans this size$1,313
2024$2,176 per active participant
2023$2,272 per active participant
2022$1,747 per active participant

Brevard Achievement Center's 2024 employer contribution ran above the $1,313 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 · 20241

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

Administrative cost history3
2024$13,243 · 0.19%
2023$8,987 · 0.15%
2022$10,633 · 0.18%
All plans at this employer2
BREVARD ACHIEVEMENT CENTER, INC. 401(K) SAVINGS PLAN401(k)
BREVARD ACHIEVEMENT CENTER ASSOCIATE SAVINGS PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Florida
Menorah Manor, Inc FL$7.2M · 0.57%
Boley Centers, Inc. FL$7.2M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591203280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.