Plan Ledger DOL Form 5500 · updated monthly

Floral Agency, LLC.401(k)

FLORAL AGENCY, LLC. RETIREMENT PLAN · RIVERDALE, NY · plan year 2022

Employer contribution per participant · 2022
$7

Floral Agency, LLC.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $55,598 across 3 participant accounts, with employer contributions averaging $7 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (5,614th of 5,648), and 2,500th of 2,534 in administrative & support services. In 2022, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,598
Participants with balances3
Active participants906
Employer contributions$6,575
Employee contributions$6,575
Employer contribution per active participant$7
Average account balance$18,533
Plan auditUnmodified (clean) audit opinion
AuditorFASTEN HALBERSTAM
The Floral Agency, LLC. 401(k) match · 2022
Employer contribution per active participant$7
Median for plans this size$331

Floral Agency, LLC.'s 2022 employer contribution ran below the $331 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 208303143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.