Plan Ledger DOL Form 5500 · updated monthly

Investment Corporation of Palm Beach401(k)

INVESTMENT CORPORATION OF PALM BEACH 401(K) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Investment Corporation of Palm Beach reported $48,878 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $290 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 3 years on file its reported administrative ratio fell from 0.44% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 1,437th-largest of 3,644 plans among Florida employers on file, and the 547th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $7.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,946,344
Participants with balances193
Active participants342
Employer contributions$99,047
Employee contributions$771,577
Employer contribution per active participant$290
Average account balance$72,261
Benefits paid to participants$1,008,401
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY MCMOY & CO
Plan history4
Yearassets · accounts · employer contribution
2025$11.9M · 193 accts
2024$13.9M · 193 accts · $99K emplr
2023$12.4M · 215 accts · $270K emplr
2022$11.5M · 199 accts · $279K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,488
Investment management$33,390
Total administrative$48,878
The Investment Corporation of Palm Beach 401(k) match · 2024
Employer contribution per active participant$290
Median for plans this size$2,416
2024$290 per active participant
2023$803 per active participant
2022$877 per active participant

Investment Corporation of Palm Beach's 2024 employer contribution ran below the $2,416 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
BARCLAY BRELAND FAMILY OFFICE · Investment advisory (plan)$33,390

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

Administrative cost history4
2025$51,564 · 0.40%
2024$48,878 · 0.37%
2023$44,505 · 0.37%
2022$55,299 · 0.44%
Similar plansArts, Entertainment & Recreation · Florida
Ripley Entertainment, Inc. FL$15.7M · 0.48%
Bonita Bay Club, Inc. FL$15.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591318711 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.