Plan Ledger DOL Form 5500 · updated monthly

Castle Management, LLC401(k)

CASTLE MANAGEMENT, LLC 401(K) PLAN · PLANTATION, FL · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Castle Management, LLC reported $146,440 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $191 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 0.89%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,178th-largest of 3,644 plans among Florida employers on file, and the 717th of 2,096 in real estate & leasing. In 2024, employees put in $5.46 for every $1.00 the employer contributed; active participation has grown from 1,921 to 2,526 since 2022.

Plan summary
Net assets, end of year$18,438,887
Participants with balances63
Active participants2,526
Employer contributions$481,383
Employee contributions$2,626,909
Employer contribution per active participant$191
Average account balance$292,681
Benefits paid to participants$1,969,089
Plan auditUnmodified (clean) audit opinion
AuditorVERDEJA & ALVAREZ, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 63 accts · $481K emplr
2023$14.4M · 818 accts · $388K emplr
2022$10.6M · 757 accts · $325K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,865
Total administrative$146,440
The Castle Management, LLC 401(k) match · 2024
Employer contribution per active participant$191
Median for plans this size$2,416
2024$191 per active participant
2023$170 per active participant
2022$169 per active participant

Castle Management, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
JOHN HANCOCK FINANCIAL · Recordkeeping · Investment management$1,576

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$146,440 · 0.89%
2023$98,484 · 0.79%
2022$97,921 · 0.92%
Same employer
Similar plansReal Estate & Leasing · Florida
Ch Employment Services, LLC FL$21.9M · 0.41%
Ifco Systems US, LLC FL$18.6M · 0.51%
Wrh Realty Services, Inc. FL$17.9M · 0.58%
Vacation Innovations, LLC FL$15.7M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611608997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.