Plan Ledger DOL Form 5500 · updated monthly

Howard Leasing, Inc.401(k)

HOWARD LEASING, INC. 401(K) PROFIT SHARING PLAN · BRADENTON, FL · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

Howard Leasing, Inc. reported $48,538 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,436 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 has held roughly steady near 1.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,594th of 3,644), and 1,505th of 2,534 in administrative & support services. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,480,961
Participants with balances164
Active participants292
Employer contributions$419,348
Employee contributions$567,560
Employer contribution per active participant$1,436
Average account balance$27,323
Benefits paid to participants$399,785
Plan auditUnmodified (clean) audit opinion
AuditorCS&L CPA
Plan history2
Yearassets · accounts · employer contribution
2024$4.5M · 164 accts · $419K emplr
2023$3.4M · 136 accts · $743K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,202
Investment management$6,336
Total administrative$48,538
The Howard Leasing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,436
Median for plans this size$1,313
2024$1,436 per active participant
2023$4,858 per active participant

Howard Leasing, 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 · 20243
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$35,171
HOWARD LEASING, INC. · Plan administrator$7,031
SLAVIC MUTUAL FUND MANAGEMENT CORP · Investment management$6,336

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

Recordkeeper by year2
2024Slavic401k
2023Slavic401k

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

Administrative cost history2
2024$48,538 · 1.23%
2023$39,688 · 1.24%
Similar plansAdministrative & Support Services · Florida
Cell Staff LLC FL$5.1M · 1.20%
Magna Associates, Inc. FL$4.9M · 0.25%
Luke & Associates, Inc. FL$4.9M · 1.50%
Patronus Systems Inc. FL$4.4M · 1.76%
Sherloq Solutions, Inc. FL$4.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202301298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.