Plan Ledger DOL Form 5500 · updated monthly

Florida Crystals Corporation401(k)

FLORIDA CRYSTALS CORPORATION RETIREMENT SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Florida Crystals Corporation reported $56,165 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $353 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 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,124th-largest of 3,644 plans among Florida employers on file, and the 249th of 945 in agriculture, forestry & fishing. In 2024, employees put in $4.06 for every $1.00 the employer contributed; active participation has grown from 1,092 to 1,211 since 2022.

Plan summary
Net assets, end of year$19,859,862
Participants with balances731
Active participants1,211
Employer contributions$426,906
Employee contributions$1,735,145
Employer contribution per active participant$353
Average account balance$27,168
Benefits paid to participants$1,602,459
Plan auditUnmodified (clean) audit opinion
AuditorJACOBY AND HANDLEY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 731 accts · $427K emplr
2023$17.4M · 668 accts · $360K emplr
2022$14.8M · 558 accts · $324K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,463
Investment management$3,702
Total administrative$56,165
The Florida Crystals Corporation 401(k) match · 2024
Employer contribution per active participant$353
Median for plans this size$2,416
2024$353 per active participant
2023$305 per active participant
2022$297 per active participant

Florida Crystals Corporation'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$52,463

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$56,165 · 0.30%
2023$48,548 · 0.30%
2022$49,786 · 0.31%
Similar plansAgriculture, Forestry & Fishing · Florida
Naturipe Farms, LLC. FL$25.1M · 0.28%
Wedgworth Farms Inc FL$24.6M · 0.06%
Bernard Egan & Company FL$23.8M · 0.35%
Alico, Inc. FL$17.9M · 0.38%
Lykes Bros. Inc. FL$15.3M · 0.26%
Village Farms, L.P. FL$12.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650773338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.