Plan Ledger DOL Form 5500 · updated monthly

Italian Terrazzo & Tile Co. of Brevard, LLC401(k)

ITALIAN TERRAZZO & TILE CO. OF BREVARD, INC 401(K) PS PLAN & TRUST · MELBOURNE, FL · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Italian Terrazzo & Tile Co. of Brevard, LLC reported $8,230 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,235 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 has held roughly steady near 0.055%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,300th-largest of 3,644 plans among Florida employers on file, and the 2,331st of 5,337 in construction. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has shrunk from 482 to 427 since 2022.

Plan summary
Net assets, end of year$16,208,547
Participants with balances294
Active participants427
Employer contributions$527,481
Employee contributions$887,825
Employer contribution per active participant$1,235
Average account balance$55,131
Benefits paid to participants$911,687
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 294 accts · $527K emplr
2023$14.0M · 272 accts · $485K emplr
2022$11.9M · 267 accts · $448K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,230
Total administrative$8,230
The Italian Terrazzo & Tile Co. of Brevard, LLC 401(k) match · 2024
Employer contribution per active participant$1,235
Median for plans this size$2,416
2024$1,235 per active participant
2023$1,008 per active participant
2022$930 per active participant

Italian Terrazzo & Tile Co. of Brevard, LLC'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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$8,230

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$8,230 · 0.05%
2023$3,087 · 0.02%
2022$6,405 · 0.05%
Same employer
Similar plansConstruction · Florida
Southern Erectors, Inc. FL$16.7M · 0.07%
Ripa and Associates, LLC FL$15.3M · 0.16%
Hypower, Inc. FL$15.1M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591295729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.