Plan Ledger DOL Form 5500 · updated monthly

Fmsbonds, Inc.401(k)

FMSBONDS, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Fmsbonds, Inc. reported $995 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,507 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 0.06% to 0.00%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 448th-largest of 3,644 plans among Florida employers on file, and the 1,397th of 4,798 in finance & insurance. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,378,825
Participants with balances135
Active participants116
Employer contributions$406,825
Employee contributions$1,520,678
Employer contribution per active participant$3,507
Average account balance$469,473
Benefits paid to participants$590,016
Plan auditUnmodified (clean) audit opinion
AuditorKAUFMAN, ROSSIN & CO., P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$63.4M · 135 accts · $407K emplr
2023$51.7M · 132 accts · $389K emplr
2022$40.9M · 131 accts · $387K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$995
Total administrative$995
The Fmsbonds, Inc. 401(k) match · 2024
Employer contribution per active participant$3,507
Median for plans this size$3,635
2024$3,507 per active participant
2023$3,441 per active participant
2022$3,585 per active participant

Fmsbonds, Inc.'s 2024 employer contribution ran below the $3,635 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
SENTINEL BENEFITS GROUP, INC. · Recordkeeping$645
JOHN HANCOCK USA · Recordkeeping · Investment management$350

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, Sentinel Group
2023John Hancock, Sentinel Group

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

Administrative cost history3
2024$995 · 0.00%
2023$32,147 · 0.07%
2022$25,749 · 0.06%
Similar plansFinance & Insurance · Florida
Arbitration Forums, Inc. FL$68.8M · 0.03%
Dual North America, Inc. FL$63.1M · 0.16%
Gte Federal Credit Union FL$61.3M · 0.55%
Banco Itau International FL$61.1M · 0.04%
Planet Home Lending, LLC FL$57.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591842344 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.