Plan Ledger DOL Form 5500 · updated monthly

Fisher Island Club, Inc.401(k)

FISHER ISLAND CLUB, INC. 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Fisher Island Club, Inc. reported $31,554 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,529 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 fell from 0.35% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,282nd-largest of 3,644 plans among Florida employers on file, and the 1,208th of 3,341 in other services. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 278 to 367 since 2022.

Plan summary
Net assets, end of year$16,546,328
Participants with balances246
Active participants367
Employer contributions$561,149
Employee contributions$879,686
Employer contribution per active participant$1,529
Average account balance$67,261
Benefits paid to participants$1,000,480
Plan auditUnmodified (clean) audit opinion
AuditorCHERRY BEKART LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 246 accts · $561K emplr
2023$14.2M · 311 accts · $548K emplr
2022$12.1M · 261 accts · $446K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,775
Investment management$6,579
Audit (IQPA)$12,600
Total administrative$31,554
The Fisher Island Club, Inc. 401(k) match · 2024
Employer contribution per active participant$1,529
Median for plans this size$2,416
2024$1,529 per active participant
2023$1,493 per active participant
2022$1,605 per active participant

Fisher Island Club, 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 · 20242
CHERRY BEKAERT LLP$12,600
DEFINITI LLC$4,549

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$31,554 · 0.21%
2023$39,058 · 0.30%
2022$45,961 · 0.35%
Same employer
Similar plansOther Services · Florida
Mastercorp, Inc. FL$18.9M · 0.28%
Florida Food Products LLC FL$18.2M · 0.45%
Synergy Rents LLC FL$16.0M · 0.75%
TEN-8 Fire & Safety, LLC FL$15.5M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650363916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.