Plan Ledger DOL Form 5500 · updated monthly

Family Support Services of North Florida401(k)

FAMILY SUPPORT SERVICES OF NORTH FLORIDA 401(K) RETIREMENT SAVINGS PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
1.19%

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

Family Support Services of North Florida reported $89,331 in plan administrative expenses for 2024: 1.19% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,707 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 1.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (1,961st of 3,644), and 6,261st of 11,911 in health care & social assistance. In 2024, the employer put in $1.19 for every $1.00 employees contributed themselves; active participation has grown from 417 to 526 since 2022.

Plan summary
Net assets, end of year$8,455,466
Participants with balances562
Active participants526
Employer contributions$897,688
Employee contributions$753,090
Employer contribution per active participant$1,707
Average account balance$15,045
Benefits paid to participants$729,743
Plan auditUnmodified (clean) audit opinion
AuditorMOSS, KRUSICK & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 562 accts · $898K emplr
2023$6.6M · 537 accts · $818K emplr
2022$4.3M · 457 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,902
Investment management$35,429
Total administrative$89,331
The Family Support Services of North Florida 401(k) match · 2024
Employer contribution per active participant$1,707
Median for plans this size$1,313
2024$1,707 per active participant
2023$1,606 per active participant
2022$1,346 per active participant

Family Support Services of North Florida'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$53,902
REGIONS BANK · Investment advisory (plan)$35,417

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$89,331 · 1.19%
2023$71,130 · 1.30%
2022$52,342 · 1.18%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Papa, Inc. FL$8.6M · 0.29%
Family Central, Inc. FL$8.5M · 0.87%
Lmi 2.0, LLC FL$8.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593759863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.