Plan Ledger DOL Form 5500 · updated monthly

Firkins Acquisitions, Inc.401(k)

FIRKINS 401(K) PLAN · BRADENTON, FL · plan year 2023

Reported admin expense ratio · 2023
0.86%

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

Firkins Acquisitions, Inc. reported $37,568 in plan administrative expenses for 2023: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $361 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 rose from 0.75% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,592nd of 3,644), and 3,913th of 5,215 in retail trade. In 2023, employees put in $8.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,492,683
Participants with balances97
Active participants122
Employer contributions$44,049
Employee contributions$391,121
Employer contribution per active participant$361
Average account balance$46,316
Benefits paid to participants$701,247
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.5M · 97 accts · $44K emplr
2022$4.3M · 109 accts · $54K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$37,568
Total administrative$37,568
The Firkins Acquisitions, Inc. 401(k) match · 2023
Employer contribution per active participant$361
Median for plans this size$1,308
2023$361 per active participant
2022$436 per active participant

Firkins Acquisitions, Inc.'s 2023 employer contribution ran below the $1,308 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,942
COMMONWEALTH FINANCIAL NETWORK · 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 history2
2023$37,568 · 0.86%
2022$35,534 · 0.75%
Same employer
Similar plansRetail Trade · Florida
Johnson & Johnson, Inc. FL$4.4M · 1.10%
Walker Ford Company, Inc. FL$4.1M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650326783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.