Plan Ledger DOL Form 5500 · updated monthly

Key HR, LLC401(k)

KEY HR RETIREMENT SAVINGS PLAN · ORLANDO, FL · plan year 2022

Reported admin expense ratio · 2022
1.43%

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

Key HR, LLC reported $177,573 in plan administrative expenses for 2022: 1.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $13 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 1 year on file its reported administrative ratio rose from 1.43% to 1.93%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,547th-largest of 3,644 plans among Florida employers on file, and the 880th of 2,534 in administrative & support services. In 2022, employees put in $109.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,433,582
Participants with balances1,072
Active participants2,230
Employer contributions$29,491
Employee contributions$3,238,156
Employer contribution per active participant$13
Average account balance$11,598
Benefits paid to participants$1,737,209
Plan auditUnmodified (clean) audit opinion
AuditorMARTIN & ASSOCIATES, PL
Plan history2
Yearassets · accounts · employer contribution
2023$849K · 95 accts · $70K emplr
2022$12.4M · 1,072 accts · $29K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$136,557
Investment management$41,016
Total administrative$177,573
The Key HR, LLC 401(k) match · 2022
Employer contribution per active participant$13
Median for plans this size$2,266
2023$26 per active participant
2022$13 per active participant

Key HR, LLC's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$128,235 · 1.93%
2022$177,573 · 1.43%
Similar plansAdministrative & Support Services · Florida
Nesco Resource LLC FL$13.2M · 0.88%
Msc Cruisesusa LLC FL$12.9M · 0.73%
Vested HR II, LLC FL$12.3M · 0.61%
Medusind Inc. FL$11.9M · 0.06%
Iss Action, Inc. FL$11.9M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460657987 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.