Plan Ledger DOL Form 5500 · updated monthly

Document Storage Systems, Inc.401(k)

DOCUMENT STORAGE SYSTEMS, INC. 401(K) PLAN · JUNO BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Document Storage Systems, Inc. reported $213,030 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,584 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 0.09% to 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 358th-largest of 3,644 plans among Florida employers on file, and the 346th of 2,199 in information & media. In 2024, employees put in $2.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$87,982,352
Participants with balances690
Active participants705
Employer contributions$2,526,844
Employee contributions$6,256,498
Employer contribution per active participant$3,584
Average account balance$127,511
Benefits paid to participants$5,441,949
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$88.0M · 690 accts · $2.5M emplr
2023$74.2M · 682 accts · $2.4M emplr
2022$60.1M · 635 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$213,030
Total administrative$213,030
The Document Storage Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,584
Median for plans this size$3,635
2024$3,584 per active participant
2023$3,584 per active participant
2022$3,292 per active participant

Document Storage Systems, Inc.'s 2024 employer contribution ran below 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 · 20245
BROAD STREET CAPITAL PARTNERS LLC · Investment advisory (plan)$67,049
EMPOWER ADVISORY GROUP, LLC · Investment management$61,490
WEALTH ENHANCEMENT ADVISORY SERVICE · Investment advisory (plan)$20,000
EJ REYNOLDS, INC. · Contract administrator$7,000

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$213,030 · 0.26%
2023$72,460 · 0.11%
2022$59,290 · 0.09%
Same employer
Similar plansInformation & Media · Florida
Kaseya US, LLC FL$143.7M · 0.35%
Connectwise, LLC. FL$123.0M · 0.24%
Modernizing Medicine, Inc. FL$114.8M · 0.17%
Satcom Direct, Inc. FL$78.1M · 0.08%
Cyxtera Management, Inc. FL$76.9M · 0.18%
Info Tech, Inc. FL$75.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431575286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.