Plan Ledger DOL Form 5500 · updated monthly

Family Ford, Inc. dba Brandon Ford401(k)

FAMILY FORD, INC. DBA BRANDON FORD 401(K) PLAN · TAMPA, FL · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

Family Ford, Inc. dba Brandon Ford reported $34,170 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $0 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 3 years on file its reported administrative ratio has held roughly steady near 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,497th-largest of 3,644 plans among Florida employers on file, and the 2,131st of 5,215 in retail trade.

Plan summary
Net assets, end of year$13,029,644
Participants with balances227
Active participants213
Employer contributions$0
Employee contributions$1,071,910
Employer contribution per active participant$0
Average account balance$57,399
Benefits paid to participants$964,670
Plan auditUnmodified (clean) audit opinion
AuditorKOBAYASHI & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 226 accts
2023$13.0M · 227 accts
2022$10.0M · 259 accts · $2K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,223
Total administrative$34,170
The Family Ford, Inc. dba Brandon Ford 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Family Ford, Inc. dba Brandon Ford's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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
DUNCAN ACCOUNTING & TAX SERVICES · Loan processing$14,711
EMPOWER ADVISORY GROUP, LLC · Investment management$1,313
CENTAURUS FINANCIAL INC.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$35,838 · 0.29%
2023$34,170 · 0.30%
2022$31,804 · 0.30%
Same employer
Similar plansRetail Trade · Florida
Bill Currie Ford, Inc. FL$13.3M · 0.27%
Chauvet & Sons, LLC. FL$13.1M · 0.71%
Venus Fashion, Inc. FL$12.6M · 0.07%
Surterra Holdings, Inc. FL$12.3M · 1.24%
Horton Holdings, LLC FL$12.2M · 0.45%
Boniface & Company, Inc. FL$12.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593043050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.