Plan Ledger DOL Form 5500 · updated monthly

Coadvantage Corporation401(k)

COADVANTAGE CORPORATION RETIREMENT SAVINGS PLAN · BRADENTON, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Coadvantage Corporation reported $4,348,553 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $585 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 0.53% to 0.38%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other administrative & support services employers. By assets it is the 39th-largest of 3,644 plans among Florida employers on file, and the 16th of 2,534 in administrative & support services. In 2024, employees put in $2.57 for every $1.00 the employer contributed; active participation has grown from 54,293 to 76,258 since 2022.

Plan summary
Net assets, end of year$1,233,413,639
Participants with balances15,637
Active participants76,258
Employer contributions$44,606,804
Employee contributions$114,692,384
Employer contribution per active participant$585
Average account balance$78,878
Benefits paid to participants$129,130,446
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 15,637 accts · $44.6M emplr
2023$1.0B · 16,836 accts · $37.9M emplr
2022$851.3M · 11,095 accts · $33.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,347,353
Audit (IQPA)$1,200
Total administrative$4,348,553
The Coadvantage Corporation 401(k) match · 2024
Employer contribution per active participant$585
Median for plans this size$5,259
2024$585 per active participant
2023$565 per active participant
2022$614 per active participant

Coadvantage Corporation's 2024 employer contribution ran below the $5,259 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 · 20243
EMPOWER ADVISORY GROUP · Investment management$128,798
RAYMOND JAMES INSURANCE GROUP INCindirect comp

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$4,348,553 · 0.38%
2023$2,671,151 · 0.28%
2022$4,713,169 · 0.53%
Similar plansAdministrative & Support Services · Florida
Everon FL$398.0M · 0.01%
The Geo Group, Inc. FL$320.9M · 0.23%
Alphastaff Group, Inc. FL$252.3M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273007025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.