Plan Ledger DOL Form 5500 · updated monthly

Labor Finders International, Inc.401(k)

LABOR FINDERS INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN · PALM BEACH GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Labor Finders International, Inc. reported $34,019 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $1,420 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 fell from 0.53% to 0.34%. 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 the 1,713th-largest of 3,644 plans among Florida employers on file, and the 969th of 2,534 in administrative & support services. In 2024, employees put in $3.00 for every $1.00 the employer contributed; active participation has grown from 147 to 205 since 2022.

Plan summary
Net assets, end of year$10,700,487
Participants with balances150
Active participants205
Employer contributions$291,060
Employee contributions$872,539
Employer contribution per active participant$1,420
Average account balance$71,337
Benefits paid to participants$837,992
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 150 accts · $291K emplr
2023$9.1M · 171 accts · $435K emplr
2022$7.4M · 163 accts · $352K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,629
Investment management$1,390
Total administrative$34,019
The Labor Finders International, Inc. 401(k) match · 2024
Employer contribution per active participant$1,420
Median for plans this size$1,313
2024$1,420 per active participant
2023$1,827 per active participant
2022$2,397 per active participant

Labor Finders International, 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 · 20241
JOHN HANCOCK INSURANCE COMPANY (USA · Recordkeeping · Investment advisory (participants)$34,019

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$34,019 · 0.34%
2023$22,295 · 0.27%
2022$41,551 · 0.53%
Same employer
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Vested HR II, LLC FL$12.3M · 0.61%
Medusind Inc. FL$11.9M · 0.06%
Iss Action, Inc. FL$11.9M · 1.14%
Deployed Services, LLC FL$10.0M · 2.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591620494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.