Plan Ledger DOL Form 5500 · updated monthly

Edmonson Electric, Inc.401(k)

EDMONSON ELECTRIC, INC. 401(K)PROFIT SHARING PLAN · LAND-O-LAKES, FL · plan year 2023

Reported admin expense ratio · 2023
0.72%

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

Edmonson Electric, Inc. reported $45,304 in plan administrative expenses for 2023: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,129 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 fell from 0.76% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (2,143rd of 3,644), and 3,573rd of 5,337 in construction. In 2023, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 386 to 438 since 2022.

Plan summary
Net assets, end of year$7,100,990
Participants with balances246
Active participants438
Employer contributions$494,319
Employee contributions$758,155
Employer contribution per active participant$1,129
Average account balance$28,866
Benefits paid to participants$659,380
Plan auditUnmodified (clean) audit opinion
AuditorPRIDA, GUIDA & PEREZ, PA
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $578K emplr
2023$7.1M · 246 accts · $494K emplr
2022$5.5M · 254 accts · $454K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$45,304
Total administrative$45,304
The Edmonson Electric, Inc. 401(k) match · 2023
Employer contribution per active participant$1,129
Median for plans this size$1,308
2024$1,285 per active participant
2023$1,129 per active participant
2022$1,177 per active participant

Edmonson Electric, Inc.'s 2023 employer contribution ran below the $1,308 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 · 20231
JOHN HANCOCK · Recordkeeping · Investment management$4,148

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024Not separately reported
2023$45,304 · 0.72%
2022$42,831 · 0.76%
Same employer
Similar plansConstruction · Florida
Nassal Holdings Inc FL$7.1M · 0.08%
Southeast Mechanical FL$7.0M · 0.72%
Jon M. Hall Company, LLC FL$6.8M · 0.71%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 591826189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.