Plan Ledger DOL Form 5500 · updated monthly

Finemark National Bank & Trust401(k)

FINEMARK NATIONAL BANK & TRUST 401(K) PLAN · FORT MYERS, FL · plan year 2025

Reported admin expense ratio · 2025
0.03%

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

Finemark National Bank & Trust reported $13,092 in plan administrative expenses for 2025: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,018 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 4 years on file its reported administrative ratio has held roughly steady near 0.029%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 533rd-largest of 3,644 plans among Florida employers on file, and the 1,669th of 4,798 in finance & insurance. In 2025, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 236 to 288 since 2022.

Plan summary
Net assets, end of year$49,948,435
Participants with balances288
Active participants288
Employer contributions$1,733,140
Employee contributions$3,401,878
Employer contribution per active participant$6,018
Average account balance$173,432
Benefits paid to participants$3,064,428
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, JOHNSON & SMITH, P.A.
Plan history4
Yearassets · accounts · employer contribution
2025$49.9M · 288 accts · $1.7M emplr
2024$40.6M · 279 accts · $1.5M emplr
2023$32.7M · 268 accts · $1.4M emplr
2022$24.3M · 242 accts · $1.2M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$13,092
Total administrative$13,092
The Finemark National Bank & Trust 401(k) match · 2025
Employer contribution per active participant$6,018
Median for plans this size$2,666
2025$6,018 per active participant
2024$5,213 per active participant
2023$5,578 per active participant
2022$5,169 per active participant

Finemark National Bank & Trust's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
EMPOWER ADVISORY GROUP, LLC · Investment management$10,237
PROGRESSIVE PENSION ADMIN., INC. · Contract administrator$2,090
CHARLES SCHWAB & CO., INC. · Securities brokerage$645

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

Administrative cost history4
2025$13,092 · 0.03%
2024$4,165 · 0.01%
2023$4,281 · 0.02%
2022$7,553 · 0.03%
Same employer
Similar plansFinance & Insurance · Florida
Ardan, Inc FL$50.3M · 0.30%
Bass Underwriters, Inc. FL$47.0M · 0.40%
Paysafe Direct, LLC FL$47.0M · 0.29%
Achieva Credit Union FL$46.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208075599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.