Plan Ledger DOL Form 5500 · updated monthly

Frenchman's Creek, Inc.401(k)

FRENCHMAN'S CREEK, INC. 401(K) PLAN · PALM BEACH GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Frenchman's Creek, Inc. reported $53,691 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,222 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 0.57% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 1,704th-largest of 3,644 plans among Florida employers on file, and 658th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 148 to 186 since 2022.

Plan summary
Net assets, end of year$10,755,110
Participants with balances181
Active participants186
Employer contributions$413,383
Employee contributions$803,981
Employer contribution per active participant$2,222
Average account balance$59,420
Benefits paid to participants$2,185,166
Plan auditUnmodified (clean) audit opinion
AuditorHOLYFIELD & THOMAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 181 accts · $413K emplr
2023$10.7M · 178 accts · $345K emplr
2022$9.8M · 173 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,691
Total administrative$53,691
The Frenchman's Creek, Inc. 401(k) match · 2024
Employer contribution per active participant$2,222
Median for plans this size$2,416
2024$2,222 per active participant
2023$2,031 per active participant
2022$2,091 per active participant

Frenchman's Creek, Inc.'s 2024 employer contribution ran below 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
LINCOLN NATIONAL CORPORATION · Contract administrator$52,796

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$53,691 · 0.50%
2023$56,390 · 0.55%
2022$58,647 · 0.57%
Same employer
Similar plansArts, Entertainment & Recreation · Florida
Grey Oaks Country Club, LTD FL$11.7M · 0.52%
The Everglades Club, Inc. FL$11.2M · 0.85%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592734365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.