Florida Design Drilling Corpor401(k)
FLORIDA DESIGN DRILLING CORPOR 401(K) PROFIT SHARING PLAN & TRUST · WEST PALM BEACH, FL · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Florida Design Drilling Corpor reported $22,243 in plan administrative expenses for 2022: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,326 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.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (3,032nd of 3,644), and 4,731st of 5,337 in construction. In 2022, employees put in $2.18 for every $1.00 the employer contributed.
Florida Design Drilling Corpor's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 202779560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.