Plan Ledger DOL Form 5500 · updated monthly

Flagler System, Inc.401(k)

FLAGLER SYSTEM, INC. EMPLOYEES' SAVINGS PLAN · PALM BEACH, FL · plan year 2025

Reported admin expense ratio · 2025
0.10%

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

Flagler System, Inc. reported $196,934 in plan administrative expenses for 2025: 0.10% of average plan assets, below the peer median. Employer contributions averaged $3,087 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 0.098%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 173rd-largest of 3,644 plans among Florida employers on file, and the 49th of 2,240 in accommodation & food services. In 2025, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$214,269,457
Participants with balances2,178
Active participants2,405
Employer contributions$7,424,474
Employee contributions$11,318,766
Employer contribution per active participant$3,087
Average account balance$98,379
Benefits paid to participants$17,362,952
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$214.3M · 2,178 accts · $7.4M emplr
2024$187.3M · 2,142 accts · $5.9M emplr
2023$167.3M · 2,125 accts · $4.7M emplr
2022$137.9M · 1,966 accts · $4.0M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$196,934
Total administrative$196,934
The Flagler System, Inc. 401(k) match · 2025
Employer contribution per active participant$3,087
Median for plans this size$4,093
2025$3,087 per active participant
2024$2,560 per active participant
2023$1,976 per active participant
2022$1,813 per active participant

Flagler System, Inc.'s 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
SAGEVIEW ADVISORY GROUP LLC · Consulting$127,430
T ROWE PRICE RPS INC · Loan processing · Other services$50,187
TEMPLETON & COMPANY · Accounting / audit$18,460

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$196,934 · 0.10%
2024$178,205 · 0.10%
2023$161,845 · 0.11%
2022$154,123 · 0.10%
Similar plansAccommodation & Food Services · Florida
Hilton Resorts Corporation FL$705.6M · 0.20%
Red Lobster Management LLC FL$257.4M · 0.22%
Red Lobster Restaurants, LLC FL$238.8M · 0.23%
Osi Restaurant Partners, LLC FL$194.9M · 0.14%
Rosen Hotels & Resorts, Inc. FL$100.6M · 0.37%
Unique Vacations, Inc. FL$45.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650118212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.