Plan Ledger DOL Form 5500 · updated monthly

Florida East Coast Railway, LLC401(k)

FLORIDA EAST COAST RAILWAY, LLC SALARY DEFERRAL PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Florida East Coast Railway, LLC reported $34,696 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,947 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 2 years on file its reported administrative ratio rose from 0.13% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 964th-largest of 3,644 plans among Florida employers on file, and the 639th of 2,677 in transportation & warehousing. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,452,610
Participants with balances307
Active participants252
Employer contributions$742,632
Employee contributions$1,355,782
Employer contribution per active participant$2,947
Average account balance$79,650
Benefits paid to participants$4,524,699
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.5M · 307 accts · $743K emplr
2023$23.5M · 305 accts · $546K emplr
2022$21.7M · 293 accts · $526K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,696
Total administrative$34,696
The Florida East Coast Railway, LLC 401(k) match · 2024
Employer contribution per active participant$2,947
Median for plans this size$2,416
2024$2,947 per active participant
2023$2,167 per active participant
2022$2,138 per active participant

Florida East Coast Railway, LLC's 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,695
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$34,696 · 0.14%
2023$34,302 · 0.15%
2022$33,451 · 0.13%
All plans at this employer2
FLORIDA EAST COAST RAILWAY, LLC SALARY DEFERRAL PLAN401(k)
FLORIDA EAST COAST RAILWAY, LLC HOURLY DEFERRAL PLAN401(k)
Same employer
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John J Jerue Truck Broker FL$25.2M · 0.65%
Srtv Holdings LLC FL$23.1M · 0.23%
Ga Telesis, LLC FL$22.7M · 0.25%
Amerijet International, Inc FL$22.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 596001115 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.