Plan Ledger DOL Form 5500 · updated monthly

Davis Mail Services, Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · JACKSONVILLE, FL · plan year 2025

Reported admin expense ratio · 2025
2.74%

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

Davis Mail Services, Inc. reported $74,012 in plan administrative expenses for 2025: 2.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,240 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 rose from 1.46% to 2.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (2,904th of 3,644), and 4,556th of 5,337 in construction. In 2025, the employer put in $3.88 for every $1.00 employees contributed themselves; active participation has shrunk from 458 to 403 since 2022.

Plan summary
Net assets, end of year$2,899,788
Participants with balances446
Active participants403
Employer contributions$499,542
Employee contributions$128,643
Employer contribution per active participant$1,240
Average account balance$6,502
Benefits paid to participants$668,265
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$2.9M · 446 accts · $500K emplr
2024$2.5M · 488 accts · $503K emplr
2023$2.3M · 499 accts · $523K emplr
2022$2.2M · 532 accts · $563K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$49,384
Investment management$17,528
Audit (IQPA)$7,100
Total administrative$74,012
The Davis Mail Services, Inc. 401(k) match · 2025
Employer contribution per active participant$1,240
Median for plans this size$1,464
2025$1,240 per active participant
2024$1,140 per active participant
2023$1,152 per active participant
2022$1,229 per active participant

Davis Mail Services, Inc.'s 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
EMPOWER ANNUITY INSURANCE COMPANY · Investment management$28,617
PREMIER RETIREMENT PARTNERS · Contract administrator$21,110
ASSURED PARTNERS CAPITAL INC · Investment advisory (plan)$15,864
BAS PARTNERS · Accounting / audit$7,100

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

Administrative cost history4
2025$74,012 · 2.74%
2024$60,788 · 2.55%
2023$32,423 · 1.46%
2022Not separately reported
Same employer
Similar plansConstruction · Florida
Roads, Inc. of Nwf FL$3.1M · 1.14%
Rapp Operations LLC FL$3.0M · 0.53%
Blume Mechanical, LLC FL$2.8M · 0.14%
Blue Ox Enterprises, LLC FL$2.8M · 0.59%
Bauer Foundation Corp. FL$2.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262864093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.