Plan Ledger DOL Form 5500 · updated monthly

Daily Management, Inc.401(k)

DAILY MANAGEMENT 401(K) PROFIT SHARING PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Daily Management, Inc. reported $90,199 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $901 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 0.70% to 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,394th-largest of 3,644 plans among Florida employers on file, and the 871st of 2,096 in real estate & leasing. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 553 to 640 since 2022.

Plan summary
Net assets, end of year$14,518,095
Participants with balances386
Active participants640
Employer contributions$576,446
Employee contributions$1,184,276
Employer contribution per active participant$901
Average account balance$37,612
Benefits paid to participants$1,537,383
Plan auditUnmodified (clean) audit opinion
AuditorLAPADULA CARLSON AND CO
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 386 accts · $576K emplr
2023$12.9M · 364 accts · $533K emplr
2022$10.7M · 340 accts · $492K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,350
Investment management$38,849
Total administrative$90,199
The Daily Management, Inc. 401(k) match · 2024
Employer contribution per active participant$901
Median for plans this size$2,416
2024$901 per active participant
2023$836 per active participant
2022$890 per active participant

Daily Management, Inc.'s 2024 employer contribution ran below the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$51,349
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$38,848
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$90,199 · 0.66%
2023$82,792 · 0.70%
2022$82,276 · 0.70%
Similar plansReal Estate & Leasing · Florida
Vacation Innovations, LLC FL$15.7M · 0.47%
Cpg Property Services LLC FL$15.4M · 0.61%
Watson Realty Corp. FL$14.7M · 0.70%
Cenvill Recreation, Inc FL$12.5M · 0.39%
Crm Management, LLC FL$11.9M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592242825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.