Plan Ledger DOL Form 5500 · updated monthly

Centralreach, LLC401(k)

CENTRALREACH 401(K) PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Centralreach, LLC reported $94,170 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,271 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 1.05% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 998th-largest of 3,644 plans among Florida employers on file, and the 4,994th of 11,654 in professional & technical services. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,406,072
Participants with balances449
Active participants358
Employer contributions$1,529,194
Employee contributions$3,122,585
Employer contribution per active participant$4,271
Average account balance$52,129
Benefits paid to participants$1,766,814
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $561K emplr
2024$23.4M · 449 accts · $1.5M emplr
2023$16.7M · 440 accts · $1.5M emplr
2022$11.0M · 446 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,050
Investment management$42,120
Total administrative$94,170
The Centralreach, LLC 401(k) match · 2024
Employer contribution per active participant$4,271
Median for plans this size$2,416
2024$4,271 per active participant
2023$4,193 per active participant
2022$3,070 per active participant

Centralreach, LLC'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$52,050
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$36,636
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,484

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

Administrative cost history4
2025Not separately reported
2024$94,170 · 0.47%
2023$46,162 · 0.33%
2022$109,962 · 1.05%
Same employer
Similar plansProfessional & Technical Services · Florida
Dolphin Entertainment Inc FL$24.1M · 0.42%
Csi IT, LLC FL$24.1M · 0.33%
Bitdefender Inc FL$23.4M · 0.40%
Farah & Farah, P.A. FL$22.4M · 0.07%
Geographic Solutions, Inc. FL$22.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274445737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.