Plan Ledger DOL Form 5500 · updated monthly

Kent Security Services, Inc.401(k)

KENT SECURITY 401(K) PLAN · NORTH MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Kent Security Services, Inc. reported $41,189 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $297 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 rose from 0.48% to 0.53%. 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 (1,983rd of 3,644), and 8,578th of 11,654 in professional & technical services. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,285,923
Participants with balances132
Active participants723
Employer contributions$214,530
Employee contributions$395,931
Employer contribution per active participant$297
Average account balance$62,772
Benefits paid to participants$651,087
Plan auditUnmodified (clean) audit opinion
AuditorGUTIERREZ MADARIAGA, CPA P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 132 accts · $215K emplr
2023$7.4M · 138 accts · $199K emplr
2022$6.0M · 144 accts · $198K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,492
Total administrative$41,189
The Kent Security Services, Inc. 401(k) match · 2024
Employer contribution per active participant$297
Median for plans this size$1,313
2024$297 per active participant
2023$297 per active participant
2022$297 per active participant

Kent Security Services, Inc.'s 2024 employer contribution ran below the $1,313 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
THE AIMPOINT GROUP, LLC · Other services$6,546

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$41,189 · 0.53%
2023$35,508 · 0.53%
2022$30,480 · 0.48%
Similar plansProfessional & Technical Services · Florida
Momentum Consulting Corp. FL$8.4M · 0.45%
The Rockhill Group, Inc. FL$8.4M · 0.25%
C.A.P. Government, Inc. FL$7.7M · 0.58%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592234701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.