Plan Ledger DOL Form 5500 · updated monthly

Hibiscus Childrens Center Inc401(k)

HIBISCUS CHILDRENS CENTER INC 401(K) PROFIT SHARING PLAN & TRUST · VERO BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Hibiscus Childrens Center Inc reported $11,065 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,332 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 $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,901st of 3,644), and 10,567th of 11,654 in professional & technical services. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,923,498
Participants with balances141
Active participants107
Employer contributions$142,500
Employee contributions$253,925
Employer contribution per active participant$1,332
Average account balance$20,734
Benefits paid to participants$192,048
Plan auditUnmodified (clean) audit opinion
AuditorNUTTAL, HOWES & ASSOCIATES CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 141 accts · $143K emplr
2023$2.5M · 136 accts · $146K emplr
2022$2.1M · 152 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,929
Investment management$1,276
Trustee / custodial$860
Total administrative$11,065
The Hibiscus Childrens Center Inc 401(k) match · 2024
Employer contribution per active participant$1,332
Median for plans this size$1,313
2024$1,332 per active participant
2023$1,248 per active participant
2022$1,303 per active participant

Hibiscus Childrens Center Inc's 2024 employer contribution ran above the $1,313 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
PAYCHEX, INC. · Recordkeeping$7,210

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$11,065 · 0.41%
2023$19,386 · 0.85%
2022$8,903 · 0.45%
Similar plansProfessional & Technical Services · Florida
Springbig, Inc. FL$3.2M · 0.48%
Advanced IT Concepts FL$2.9M · 0.79%
Ae Engineering, Inc. FL$2.7M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592632361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.