Plan Ledger DOL Form 5500 · updated monthly

City National Bank of Florida401(k)

CITY NATIONAL BANK RETIREMENT SAVINGS PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

City National Bank of Florida reported $147,052 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $5,021 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 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 300th-largest of 3,644 plans among Florida employers on file, and the 935th of 4,798 in finance & insurance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$109,544,219
Participants with balances1,141
Active participants977
Employer contributions$4,905,962
Employee contributions$7,559,809
Employer contribution per active participant$5,021
Average account balance$96,007
Benefits paid to participants$11,361,830
Plan auditUnmodified (clean) audit opinion
AuditorGERSON PRESTON KLEIN LIPS EISENBERG
Plan history3
Yearassets · accounts · employer contribution
2024$109.5M · 1,141 accts · $4.9M emplr
2023$95.2M · 1,118 accts · $5.4M emplr
2022$76.9M · 1,193 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$122,853
Investment management$24,199
Total administrative$147,052
The City National Bank of Florida 401(k) match · 2024
Employer contribution per active participant$5,021
Median for plans this size$3,635
2024$5,021 per active participant
2023$5,833 per active participant
2022$4,608 per active participant

City National Bank of Florida's 2024 employer contribution ran above the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$122,853
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$24,199

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$147,052 · 0.14%
2023$130,548 · 0.15%
2022$120,146 · 0.15%
Same employer
Similar plansFinance & Insurance · Florida
Emigrant Bank FL$129.4M · 0.12%
Range Generation Next LLC FL$112.4M · 0.09%
Ocean Bank FL$107.4M · 0.16%
Midflorida Credit Union FL$91.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591297458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.