Plan Ledger DOL Form 5500 · updated monthly

Gardaworld Cash Services, Inc.401(k)

GARDAWORLD CASH SERVICES, INC. 401(K) SAVINGS AND RETIREMENT PLAN · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Gardaworld Cash Services, Inc. reported $420,812 in plan administrative expenses for 2024: 0.41% of average plan assets, higher than ~90% of peers. Employer contributions averaged $388 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 0.45% to 0.41%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 299th-largest of 3,644 plans among Florida employers on file, and the 224th of 2,677 in transportation & warehousing. In 2024, employees put in $7.73 for every $1.00 the employer contributed; active participation has shrunk from 5,924 to 5,082 since 2022.

Plan summary
Net assets, end of year$109,558,609
Participants with balances5,680
Active participants5,082
Employer contributions$1,973,911
Employee contributions$15,266,862
Employer contribution per active participant$388
Average account balance$19,288
Benefits paid to participants$15,729,780
Plan auditUnmodified (clean) audit opinion
AuditorLERROSARBEY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$109.6M · 5,680 accts · $2.0M emplr
2023$96.9M · 7,470 accts · $2.0M emplr
2022$81.6M · 6,290 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$362,918
Investment management$57,894
Total administrative$420,812
The Gardaworld Cash Services, Inc. 401(k) match · 2024
Employer contribution per active participant$388
Median for plans this size$3,635
2024$388 per active participant
2023$361 per active participant
2022$244 per active participant

Gardaworld Cash Services, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$362,918
MMA SECURITIES LLC · Investment advisory (plan)$57,894

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$420,812 · 0.41%
2023$364,587 · 0.41%
2022$389,480 · 0.45%
Same employer
Similar plansTransportation & Warehousing · Florida
Xojet Aviation, LLC FL$133.1M · 0.26%
The Suddath Companies FL$89.9M · 0.29%
Osg Ship Management, Inc. FL$73.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954556431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.