Plan Ledger DOL Form 5500 · updated monthly

Florida Education Association401(k)

FLORIDA EDUCATION ASSOCIATION 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Florida Education Association reported $49,846 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $3,347 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 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Florida (1,838th of 3,644), and 1,701st of 3,341 in other services. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has shrunk from 128 to 108 since 2022.

Plan summary
Net assets, end of year$9,505,156
Participants with balances119
Active participants108
Employer contributions$361,480
Employee contributions$755,980
Employer contribution per active participant$3,347
Average account balance$79,875
Benefits paid to participants$477,407
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 119 accts · $361K emplr
2023$7.8M · 118 accts · $368K emplr
2022$5.9M · 119 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,846
Total administrative$49,846
The Florida Education Association 401(k) match · 2024
Employer contribution per active participant$3,347
Median for plans this size$1,313
2024$3,347 per active participant
2023$2,408 per active participant
2022$2,586 per active participant

Florida Education Association's 2024 employer contribution ran above the $1,313 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.

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 · 20243
MORGAN STANLEY GLOBAL · Investment advisory (plan)$25,523
THE VANGUARD GROUP, INC. · Loan processing$12,975
MORGAN STANLEY · Investment advisory (plan)$7,689

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$49,846 · 0.58%
2023$38,310 · 0.56%
2022$36,132 · 0.60%
Same employer
Similar plansOther Services · Florida
Alliance for Aging, Inc. FL$9.4M · 0.02%
Lost Tree Club, Inc. FL$9.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593685521 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.