What are the fees in the Giacare and Medtrust Jv, LLC 401(k) plan?

For plan year 2022, Giacare and Medtrust Jv, LLC reported $11,689 in plan administrative expenses, or 1.79% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Giacare and Medtrust Jv, LLC 401(k)?

The average participant account balance was $12,790 for plan year 2022, based on 50 accounts.

Giacare and Medtrust Jv, LLC401(k)

Name: Giacare and Medtrust Jv, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

GIACARE AND MEDTRUST JV, LLC 401(K) PLAN · FORT LAUDERDALE, FL · plan year 2022

Reported admin expense ratio · 2022

1.79%

Giacare and Medtrust Jv, LLC reported $11,689 in plan administrative expenses for 2022: 1.79% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Florida (3,461st of 3,644), and 895th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$639,484
Participants with balances50
Active participants265
Employer contributions—
Employee contributions$271,529
Employer contribution per active participant—
Average account balance$12,790
Benefits paid to participants$156,720
Plan auditUnmodified (clean) audit opinion
AuditorKEEFE MCCULLOUGH

Administrative expenses, itemized · 2022

Professional / advisory$11,689

Total administrative$11,689

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$11,689 · 1.79%

Similar plansAgriculture, Forestry & Fishing · Florida
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Statewide Harvesting and Hauling, L.L.C. FL$1.7M · 0.97%
Esposito Nursery, Inc. FL$1.4M · 3.57%
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Nature's Way Farms, LLC FL$488K · 1.17%
Eco Enterprises, LLC FL$18K · 0.54%

Why are you looking at this plan?

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 461095737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.