Plan Ledger DOL Form 5500 · updated monthly

High Reach Company, LLC401(k)

HIGH REACH COMPANY, LLC RETIREMENT SAVINGS PLAN · SANFORD, FL · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

High Reach Company, LLC reported $51,254 in plan administrative expenses for 2023: 0.57% of average plan assets, above the peer median. Employer contributions averaged $2,058 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 0.79% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is the 1,763rd-largest of 3,644 plans among Florida employers on file, and 3,075th of 5,337 in construction. In 2023, employees put in $2.42 for every $1.00 the employer contributed; active participation has grown from 192 to 218 since 2022.

Plan summary
Net assets, end of year$10,130,505
Participants with balances219
Active participants218
Employer contributions$448,629
Employee contributions$1,084,750
Employer contribution per active participant$2,058
Average account balance$46,258
Benefits paid to participants$596,064
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN, PC.
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$9.4M · 179 accts · $438K emplr
2023$10.1M · 219 accts · $449K emplr
2022$7.9M · 177 accts · $382K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,254
Total administrative$51,254
The High Reach Company, LLC 401(k) match · 2023
Employer contribution per active participant$2,058
Median for plans this size$1,308
2024$109,477 per active participant
2023$2,058 per active participant
2022$1,990 per active participant

High Reach Company, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ANNUITY INS CO · Other services$43,814
PSI ADVISORS LLC · Investment advisory (plan)$21,815
FLORIDA RETIREMENT CONSULTANTS · Contract administrator$8,530

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

Administrative cost history4
2025Not separately reported
2024$52,285 · 0.53%
2023$51,254 · 0.57%
2022$67,754 · 0.79%
Same employer
Similar plansConstruction · Florida
Duval Asphalt Products FL$10.4M · 0.55%
Landsouth Construction, LLC FL$10.4M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200185778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.