Plan Ledger DOL Form 5500 · updated monthly

Florida Peninsula Holding, LLC401(k)

FLORIDA PENINSULA HOLDING, LLC 401(K) PLAN · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Florida Peninsula Holding, LLC reported $15,505 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,390 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 0.072% to 0.067%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 931st-largest of 3,644 plans among Florida employers on file, and 394th of 786 in management of companies. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 220 to 302 since 2022.

Plan summary
Net assets, end of year$25,560,195
Participants with balances373
Active participants302
Employer contributions$1,023,633
Employee contributions$1,945,549
Employer contribution per active participant$3,390
Average account balance$68,526
Benefits paid to participants$988,628
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 373 accts · $1.0M emplr
2023$20.5M · 320 accts · $813K emplr
2022$16.1M · 264 accts · $692K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,505
Total administrative$15,505
The Florida Peninsula Holding, LLC 401(k) match · 2024
Employer contribution per active participant$3,390
Median for plans this size$2,416
2024$3,390 per active participant
2023$3,055 per active participant
2022$3,146 per active participant

Florida Peninsula Holding, 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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$15,505

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$15,505 · 0.07%
2023$12,240 · 0.07%
2022$12,553 · 0.07%
Similar plansManagement of Companies · Florida
Diploma Holdings, Inc FL$46.8M · 0.23%
Origis USA, LLC FL$17.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251919210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.