Plan Ledger DOL Form 5500 · updated monthly

Fisher Island Community Association, Inc.401(k)

FISHER ISLAND COMMUNITY ASSOCIATION 401(K) PROFIT SHARING PLAN · FISHER ISLAND, FL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Fisher Island Community Association, Inc. reported $28,243 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $1,503 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 rose from 0.15% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Florida (1,892nd of 3,644), and 1,175th of 2,096 in real estate & leasing. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 176 to 231 since 2022.

Plan summary
Net assets, end of year$9,047,277
Participants with balances163
Active participants231
Employer contributions$347,159
Employee contributions$568,328
Employer contribution per active participant$1,503
Average account balance$55,505
Benefits paid to participants$1,079,035
Plan auditUnmodified (clean) audit opinion
AuditorCHERRY BEKART LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 163 accts · $347K emplr
2023$8.1M · 150 accts · $288K emplr
2022$6.9M · 154 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,243
Total administrative$28,243
The Fisher Island Community Association, Inc. 401(k) match · 2024
Employer contribution per active participant$1,503
Median for plans this size$1,313
2024$1,503 per active participant
2023$1,576 per active participant
2022$1,548 per active participant

Fisher Island Community Association, Inc.'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 · 20243
CHERRY BEKAERT LLP$6,556
DEFINITI, LLC · Other servicesindirect comp
MORNINGSTAR · 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 history3
2024$28,243 · 0.33%
2023$20,268 · 0.27%
2022$10,941 · 0.15%
Same employer
Similar plansReal Estate & Leasing · Florida
Crm Management, LLC FL$10.0M · 0.56%
Torwest, Inc. FL$8.6M · 0.32%
The Keyes Company FL$7.7M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650004587 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.