Plan Ledger DOL Form 5500 · updated monthly

Electrostim Medical Services, Inc.401(k)

ELECTROSTIM MEDICAL SERVICES, INC. SAFE HARBOR 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Electrostim Medical Services, Inc. reported $102,019 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $2,249 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 0.42% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 982nd-largest of 3,644 plans among Florida employers on file, and the 1,636th of 4,246 in wholesale trade. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has shrunk from 343 to 234 since 2022.

Plan summary
Net assets, end of year$23,941,885
Participants with balances255
Active participants234
Employer contributions$526,322
Employee contributions$1,028,177
Employer contribution per active participant$2,249
Average account balance$93,890
Benefits paid to participants$1,074,067
Plan auditUnmodified (clean) audit opinion
AuditorBELLA HERMIDA VALIENTE PA
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 255 accts · $526K emplr
2023$20.6M · 257 accts · $516K emplr
2022$17.9M · 252 accts · $516K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,019
Total administrative$102,019
The Electrostim Medical Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,249
Median for plans this size$2,416
2024$2,249 per active participant
2023$2,187 per active participant
2022$1,505 per active participant

Electrostim Medical Services, Inc.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$102,019
PSI ADVISORS LLC · Investment advisory (plan)indirect comp
PRINCIPAL SECURITIES INC · Other servicesindirect comp
JANET A. PANEBIANCO, CPA, PLLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$102,019 · 0.46%
2023$86,535 · 0.45%
2022$81,883 · 0.42%
Same employer
Similar plansWholesale Trade · Florida
Aersale FL$25.0M · 0.09%
Tabacalera USA Inc. FL$24.9M · 0.37%
Chadwell Supply, Inc. FL$24.1M · 1.01%
Jazwares, LLC FL$22.1M · 0.65%
Q.E.P. Co., Inc. FL$21.9M · 0.32%
Aqua Lung FL$21.5M · 0.23%
Helm America Corporation FL$21.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593323767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.