Plan Ledger DOL Form 5500 · updated monthly

Florida Family Insurance Services, LLC401(k)

FLORIDA FAMILY INSURANCE 401(K) PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Florida Family Insurance Services, LLC reported $4,822 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,785 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 fell from 0.03% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,083rd-largest of 3,644 plans among Florida employers on file, and 2,984th of 4,798 in finance & insurance. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has shrunk from 103 to 92 since 2022.

Plan summary
Net assets, end of year$20,916,306
Participants with balances129
Active participants92
Employer contributions$348,177
Employee contributions$956,810
Employer contribution per active participant$3,785
Average account balance$162,142
Benefits paid to participants$1,228,940
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 129 accts · $348K emplr
2023$18.4M · 127 accts · $333K emplr
2022$15.2M · 132 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,677
Investment management$668
Trustee / custodial$2,477
Total administrative$4,822
The Florida Family Insurance Services, LLC 401(k) match · 2024
Employer contribution per active participant$3,785
Median for plans this size$2,416
2024$3,785 per active participant
2023$3,541 per active participant
2022$3,211 per active participant

Florida Family Insurance Services, 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
BOKF, NA · Recordkeeping · Pension consulting$4,822
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BOKF, NA
2023BOK FINANCIAL ASSET MANAGEMENT, INC

This plan has changed recordkeepers within these filings. If you left Florida Family Insurance Services, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,822 · 0.02%
2023$12,374 · 0.07%
2022$5,428 · 0.03%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 593373653 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.