Plan Ledger DOL Form 5500 · updated monthly

Florida Medical Systems, LLC401(k)

FLORIDA MEDICAL SYSTEMS, LLC 401(K) PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.89%

Florida Medical Systems, LLC reported $21,373 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. 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 0.95% to 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,987th of 3,644), and 9,614th of 11,911 in health care & social assistance. active participation has grown from 652 to 770 since 2022.

Plan summary
Net assets, end of year$2,533,730
Participants with balances105
Active participants770
Employer contributions—
Employee contributions$272,472
Employer contribution per active participant—
Average account balance$24,131
Benefits paid to participants$260,005
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 105 accts
2023$2.3M · 102 accts
2022$2.1M · 114 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,373
Total administrative$21,373
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$21,373

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$21,373 · 0.89%
2023$22,741 · 1.04%
2022$20,827 · 0.95%
Similar plansHealth Care & Social Assistance · Florida
Arboreta Healthcare Inc. FL$2.5M · 1.55%
Medical Life, Inc. FL$2.5M · 0.28%
Pine Castle, Inc. FL$2.5M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462780850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.