Plan Ledger DOL Form 5500 · updated monthly

Flagship Enterprises Holding401(k)

FLAGSHIP HOLDING PROFIT SHARING AND 401(K) PLAN · SOUTHLAKE, TX · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Flagship Enterprises Holding reported $164,300 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $384 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 fell from 0.71% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,620th-largest of 5,688 plans among Texas employers on file, and the 475th of 2,534 in administrative & support services. In 2024, employees put in $4.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,896,147
Participants with balances994
Active participants1,867
Employer contributions$717,374
Employee contributions$3,187,802
Employer contribution per active participant$384
Average account balance$28,065
Benefits paid to participants$4,661,881
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$27.9M · 994 accts · $717K emplr
2023$24.4M · 1,095 accts · $661K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,493
Investment management$127,807
Total administrative$164,300
The Flagship Enterprises Holding 401(k) match · 2024
Employer contribution per active participant$384
Median for plans this size$2,416
2024$384 per active participant
2023$332 per active participant

Flagship Enterprises Holding's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ADP, INC. · Loan processing · Recordkeeping$114,880
THREE BELL CAPITAL LLC · Recordkeeping · Trustee$38,402
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$11,016
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, PENSIONMARK FINANCIAL GROUP, LLC, THREE BELL CAPITAL LLC
2023ADP, THREE BELL CAPITAL LLC

This plan has changed recordkeepers within these filings. If you left Flagship Enterprises Holding before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$164,300 · 0.63%
2023$146,448 · 0.71%
Same employer
Similar plansAdministrative & Support Services · Texas
Jenkins Services, Inc. TX$33.5M · 0.74%
C.L. Thomas, Inc. TX$28.9M · 0.07%
Cart.com, Inc. TX$25.5M · 0.27%
Iris Telehealth, Inc TX$22.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921160337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.