Plan Ledger DOL Form 5500 · updated monthly

Florida Paints & Coatings LLC401(k)

FLORIDA PAINTS & COATINGS LLC 401(K) PLAN · WINTER GARDEN, FL · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Florida Paints & Coatings LLC reported $56,250 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $1,812 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 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (1,963rd of 3,644), and 2,944th of 5,215 in retail trade. In 2024, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,451,974
Participants with balances157
Active participants196
Employer contributions$355,118
Employee contributions$734,066
Employer contribution per active participant$1,812
Average account balance$53,834
Benefits paid to participants$387,227
Plan auditUnmodified (clean) audit opinion
AuditorPURVIS GRAY & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 157 accts · $355K emplr
2023$6.5M · 134 accts · $302K emplr
2022$5.0M · 137 accts · $298K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,150
Investment management$38,100
Total administrative$56,250
The Florida Paints & Coatings LLC 401(k) match · 2024
Employer contribution per active participant$1,812
Median for plans this size$1,313
2024$1,812 per active participant
2023$1,524 per active participant
2022$1,455 per active participant

Florida Paints & Coatings LLC's 2024 employer contribution ran above the $1,313 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 · 20243
SEAN D CASTERLINE DBA DELTA CAPITAL · Investment advisory (plan)$34,995
EMPOWER ADVISORY GROUP, LLC · Investment management$3,105

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$56,250 · 0.75%
2023$45,947 · 0.80%
2022$36,489 · 0.73%
Same employer
Similar plansRetail Trade · Florida
Mike Erdman Motors, Inc. FL$8.8M · 0.06%
The Boat House Group FL$8.7M · 0.51%
Jeunesse, LLC FL$8.1M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453818902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.