Plan Ledger DOL Form 5500 · updated monthly

Brp Colleague, Inc.401(k)

BRP COLLEAGUE, INC. 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Brp Colleague, Inc. reported $350,443 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,987 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 0.16% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 131st-largest of 3,644 plans among Florida employers on file, and the 456th of 4,798 in finance & insurance. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 3,744 to 4,121 since 2022.

Plan summary
Net assets, end of year$295,133,734
Participants with balances4,556
Active participants4,121
Employer contributions$16,429,286
Employee contributions$35,785,502
Employer contribution per active participant$3,987
Average account balance$64,779
Benefits paid to participants$27,989,651
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$295.1M · 4,556 accts · $16.4M emplr
2023$230.6M · 4,316 accts · $15.2M emplr
2022$154.6M · 3,983 accts · $12.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$264,826
Investment management$58,317
Audit (IQPA)$27,300
Total administrative$350,443
The Brp Colleague, Inc. 401(k) match · 2024
Employer contribution per active participant$3,987
Median for plans this size$4,294
2024$3,987 per active participant
2023$3,933 per active participant
2022$3,341 per active participant

Brp Colleague, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$264,832
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$58,317
CROWE LLP · Accounting / audit$27,300

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$350,443 · 0.13%
2023$338,247 · 0.18%
2022$192,562 · 0.16%
Similar plansFinance & Insurance · Florida
Southstate Bank, N.A. FL$809.8M · 0.06%
Ncci Holdings, Inc. FL$505.8M · 0.06%
Eimfl LLC FL$457.5M · 0.02%
Ocwen Financial Corporation FL$335.2M · 0.03%
Corient Services LLC FL$267.2M · 0.12%
Pscu Incorporated FL$261.9M · 0.16%
Fcci Services, Inc. FL$253.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823200685 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.