Plan Ledger DOL Form 5500 · updated monthly

Florida Capital Bank, N.A.401(k)

FLORIDA CAPITAL GROUP, INC. 401(K) PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Florida Capital Bank, N.A. reported $51,327 in plan administrative expenses for 2024: 0.53% of average plan assets, above the peer median. Employer contributions averaged $1,192 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 3 years on file its reported administrative ratio has held roughly steady near 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,807th-largest of 3,644 plans among Florida employers on file, and 4,008th of 4,798 in finance & insurance. In 2024, employees put in $4.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,777,419
Participants with balances126
Active participants130
Employer contributions$154,926
Employee contributions$636,512
Employer contribution per active participant$1,192
Average account balance$77,599
Benefits paid to participants$1,667,128
Plan auditUnmodified (clean) audit opinion
AuditorSALTMARSH, CLEAVELAND, & GUND
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 126 accts · $155K emplr
2023$9.4M · 122 accts · $155K emplr
2022$8.8M · 134 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,673
Investment management$23,654
Total administrative$51,327
The Florida Capital Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$1,192
Median for plans this size$1,313
2024$1,192 per active participant
2023$1,316 per active participant
2022$1,776 per active participant

Florida Capital Bank, N.A.'s 2024 employer contribution ran below 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$27,673
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$23,654

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$51,327 · 0.53%
2023$47,602 · 0.52%
2022$51,270 · 0.55%
Same employer
Similar plansFinance & Insurance · Florida
Intermex Wire Transfer, LLC FL$10.1M · 0.32%
Professional Bank FL$10.0M · 0.55%
Grove Bank & Trust FL$9.6M · 0.68%
Cabrillo Holdings, LLC FL$9.4M · 0.44%
Brightway Insurance, LLC FL$9.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592475686 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.