Plan Ledger DOL Form 5500 · updated monthly

Dynafire, LLC401(k)

DYNAFIRE, LLC 401(K) P/S PLAN · CASSELBERRY, FL · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Dynafire, LLC reported $65,572 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $1,798 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 1.01% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (1,876th of 3,644), and 3,218th of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 290 to 402 since 2022.

Plan summary
Net assets, end of year$9,180,815
Participants with balances407
Active participants402
Employer contributions$722,983
Employee contributions$1,362,938
Employer contribution per active participant$1,798
Average account balance$22,557
Benefits paid to participants$756,517
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 407 accts · $723K emplr
2023$7.1M · 320 accts · $560K emplr
2022$5.0M · 289 accts · $433K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,534
Investment management$22,521
Total administrative$65,572
The Dynafire, LLC 401(k) match · 2024
Employer contribution per active participant$1,798
Median for plans this size$1,313
2024$1,798 per active participant
2023$1,662 per active participant
2022$1,494 per active participant

Dynafire, LLC's 2024 employer contribution ran above the $1,313 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
BISON WEALTH LLC · Investment advisory (plan)$19,026
EMPOWER ADVISORY GROUP, LLC · Investment management$2,752
ENVESTNET RETIREMENT SOLUTIONS, LLC$1,517
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$743

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$65,572 · 0.80%
2023$44,199 · 0.73%
2022$50,003 · 1.01%
Same employer
Similar plansConstruction · Florida
Meisner Electric, Inc. FL$9.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542164832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.