Plan Ledger DOL Form 5500 · updated monthly

Florida Tourism Industry Marketing Corporation, Inc. dba Visit Florida401(k)

FLORIDA TOURISM INDUSTRY MARKETING CORPORATION, INC. DBA VISIT FLORIDA 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Florida Tourism Industry Marketing Corporation, Inc. dba Visit Florida reported $44,745 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,416 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 0.33%. 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 1,399th-largest of 3,644 plans among Florida employers on file, and the 1,323rd of 3,341 in other services. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 74 to 89 since 2022.

Plan summary
Net assets, end of year$14,459,858
Participants with balances129
Active participants89
Employer contributions$393,022
Employee contributions$598,215
Employer contribution per active participant$4,416
Average account balance$112,092
Benefits paid to participants$1,108,275
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 129 accts · $393K emplr
2023$13.0M · 125 accts · $362K emplr
2022$11.4M · 127 accts · $311K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,603
Investment management$40,142
Total administrative$44,745
The Florida Tourism Industry Marketing Corporation, Inc. dba Visit Florida 401(k) match · 2024
Employer contribution per active participant$4,416
Median for plans this size$2,416
2024$4,416 per active participant
2023$4,255 per active participant
2022$4,204 per active participant

Florida Tourism Industry Marketing Corporation, Inc. dba Visit Florida's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
CAPITAL CITY INVESTMENTS$40,142
ASPIRE FINANCIAL SERVICES, LLC$4,603

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$44,745 · 0.33%
2023$41,150 · 0.34%
2022$36,678 · 0.34%
Similar plansOther Services · Florida
Synergy Rents LLC FL$16.0M · 0.75%
TEN-8 Fire & Safety, LLC FL$15.5M · 0.33%
Pantropic Power Inc. FL$15.3M · 0.27%
The Intermed Group FL$14.6M · 0.54%
Jensen U.S.A. FL$14.4M · 0.01%
Power Services Group, Inc. FL$13.3M · 0.45%
Bath & Tennis Club, Inc. FL$12.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593359293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.