Plan Ledger DOL Form 5500 · updated monthly

Florida Food Products LLC401(k)

FLORIDA FOOD PRODUCTS LLC 401(K) PROFIT SHARING PLAN & TRUST · EUSTIS, FL · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Florida Food Products LLC reported $77,598 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,499 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 0.94% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,190th-largest of 3,644 plans among Florida employers on file, and the 1,133rd of 3,341 in other services. In 2024, employees put in $2.46 for every $1.00 the employer contributed; active participation has grown from 140 to 369 since 2022.

Plan summary
Net assets, end of year$18,186,377
Participants with balances317
Active participants369
Employer contributions$922,163
Employee contributions$2,270,880
Employer contribution per active participant$2,499
Average account balance$57,370
Benefits paid to participants$3,789,775
Plan auditUnmodified (clean) audit opinion
AuditorKELLY PARTNERS
Plan history3
Yearassets · accounts · employer contribution
2024$18.2M · 317 accts · $922K emplr
2023$16.1M · 318 accts · $425K emplr
2022$10.2M · 178 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,832
Investment management$48,766
Total administrative$77,598
The Florida Food Products LLC 401(k) match · 2024
Employer contribution per active participant$2,499
Median for plans this size$2,416
2024$2,499 per active participant
2023$1,170 per active participant
2022$2,166 per active participant

Florida Food Products 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
JOHN HANCOCK USA · Recordkeeping · Investment advisory (participants)$29,143
WELLS FARGO ADVISORS · Investment advisory (participants)$45,714

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

Recordkeeper by year2
2024John Hancock
2023401K GENERATION INC., Paychex

This plan has changed recordkeepers within these filings. If you left Florida Food Products 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$77,598 · 0.45%
2023$58,953 · 0.45%
2022$67,308 · 0.94%
Same employer
Similar plansOther Services · Florida
Mastercorp, Inc. FL$18.9M · 0.28%
Fisher Island Club, Inc. FL$16.5M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593013598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.