Plan Ledger DOL Form 5500 · updated monthly

Frontline Insurance Managers, Inc.401(k)

FRONTLINE INSURANCE MANAGERS 401(K) PLAN · LAKE MARY, FL · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Frontline Insurance Managers, Inc. reported $149,792 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $6,340 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 0.24% to 0.23%. 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 412th-largest of 3,644 plans among Florida employers on file, and the 1,251st of 4,798 in finance & insurance. In 2024, employees put in $1.11 for every $1.00 the employer contributed; active participation has grown from 463 to 586 since 2022.

Plan summary
Net assets, end of year$73,753,837
Participants with balances512
Active participants586
Employer contributions$3,715,093
Employee contributions$4,131,387
Employer contribution per active participant$6,340
Average account balance$144,050
Benefits paid to participants$3,605,410
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$73.8M · 512 accts · $3.7M emplr
2023$58.7M · 466 accts · $3.0M emplr
2022$44.4M · 411 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$149,792
Total administrative$149,792
The Frontline Insurance Managers, Inc. 401(k) match · 2024
Employer contribution per active participant$6,340
Median for plans this size$3,635
2024$6,340 per active participant
2023$5,673 per active participant
2022$5,557 per active participant

Frontline Insurance Managers, Inc.'s 2024 employer contribution ran above 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$125,293
THE BENEFIT PRACTICE · Contract administrator · Other services$24,500
RAYMOND JAMES FIN SVCS ADVISORS · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$149,792 · 0.23%
2023$142,971 · 0.28%
2022$111,991 · 0.24%
Same employer
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Fmsbonds, Inc. FL$63.4M · 0.00%
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Source: U.S. Department of Labor, Form 5500 series, EIN 133963337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.