Plan Ledger DOL Form 5500 · updated monthly

Drmp, Inc.401(k)

DRMP, INC. 401(K) & PROFIT SHARING PLAN · ORLANDO, FL · plan year 2023

Reported admin expense ratio · 2023
0.39%

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

Drmp, Inc. reported $161,185 in plan administrative expenses for 2023: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,914 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 1 year on file its reported administrative ratio rose from 0.26% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 583rd-largest of 3,644 plans among Florida employers on file, and the 2,996th of 11,654 in professional & technical services. In 2023, employees put in $2.88 for every $1.00 the employer contributed; active participation has grown from 550 to 627 since 2022.

Plan summary
Net assets, end of year$44,979,222
Participants with balances1,103
Active participants627
Employer contributions$1,199,839
Employee contributions$3,450,074
Employer contribution per active participant$1,914
Average account balance$40,779
Benefits paid to participants$5,244,161
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITHBROWN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$45.0M · 1,103 accts · $1.2M emplr
2022$37.4M · 994 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$89,164
Investment management$24,666
Audit (IQPA)$32,932
Trustee / custodial$14,423
Total administrative$161,185
The Drmp, Inc. 401(k) match · 2023
Employer contribution per active participant$1,914
Median for plans this size$2,440
2023$1,914 per active participant
2022$1,910 per active participant

Drmp, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Participant communication$89,164
WITHUMSMITH BROWN, P.C. · Accounting / audit$32,932
ANDCO CONSULTING · Investment advisory (plan)$22,000
FIDELITY INVESTMENTS · Custodial (securities)$14,423

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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Administrative cost history3
2024Not separately reported
2023$161,185 · 0.39%
2022$110,004 · 0.26%
Same employer
Similar plansProfessional & Technical Services · Florida
Accesso, LLC FL$47.8M · 0.39%
Bcc Engineering, LLC FL$44.5M · 0.31%
James Moore & Co., P.L. FL$44.3M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591791174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.