Plan Ledger DOL Form 5500 · updated monthly

Central Florida Regional Workforce Development Board, Inc.403(b)

CAREERSOURCE CENTRAL FLORIDA 403(B) PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Central Florida Regional Workforce Development Board, Inc. reported $34,844 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $4,358 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 0.37% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,466th-largest of 3,644 plans among Florida employers on file, and the 831st of 2,534 in administrative & support services. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has shrunk from 235 to 175 since 2022.

Plan summary
Net assets, end of year$13,549,873
Participants with balances219
Active participants175
Employer contributions$762,675
Employee contributions$965,505
Employer contribution per active participant$4,358
Average account balance$61,872
Benefits paid to participants$1,011,319
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 219 accts · $763K emplr
2023$11.5M · 245 accts · $772K emplr
2022$10.1M · 277 accts · $720K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,265
Total administrative$34,844
Employer contributions to the Central Florida Regional Workforce Development Board, Inc. plan · 2024
Employer contribution per active participant$4,358
Median for plans this size$2,416
2024$4,358 per active participant
2023$3,859 per active participant
2022$3,062 per active participant

Central Florida Regional Workforce Development Board, Inc.'s 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,265

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$34,844 · 0.28%
2023$29,796 · 0.28%
2022$33,916 · 0.37%
Same employer
Similar plansAdministrative & Support Services · Florida
Sdi, Inc. FL$14.6M · 0.68%
Leesar Inc. FL$14.2M · 0.53%
Nesco Resource LLC FL$13.2M · 0.88%
Msc Cruisesusa LLC FL$12.9M · 0.73%
Key HR, LLC FL$12.4M · 1.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593396497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.