Contec Americas Inc.401(k)
CONTEC AMERICAS INC. 401(K) PLAN · MELBOURNE, FL · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Contec Americas Inc. reported $41,474 in plan administrative expenses for 2023: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,055 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 0.82% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,541st of 3,644), and 9,904th of 11,654 in professional & technical services. In 2023, employees put in $1.88 for every $1.00 the employer contributed.
Contec Americas Inc.'s 2023 employer contribution ran above the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 352191025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.