Plan Ledger DOL Form 5500 · updated monthly

Landrum Professional Employer Services, Inc.401(k)

LANDRUM PROFESSIONAL EMPLOYER SERVICES RETIREMENT SAVINGS PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Landrum Professional Employer Services, Inc. reported $776,628 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,246 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 0.51% to 0.63%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 253rd-largest of 3,644 plans among Florida employers on file, and the 131st of 2,534 in administrative & support services. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 3,386 to 4,779 since 2022.

Plan summary
Net assets, end of year$134,143,515
Participants with balances2,938
Active participants4,779
Employer contributions$5,953,039
Employee contributions$12,006,193
Employer contribution per active participant$1,246
Average account balance$45,658
Benefits paid to participants$16,046,236
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$134.1M · 2,938 accts · $6.0M emplr
2023$111.7M · 2,521 accts · $5.2M emplr
2022$96.9M · 2,320 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$485,955
Investment management$279,173
Audit (IQPA)$11,500
Total administrative$776,628
The Landrum Professional Employer Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,246
Median for plans this size$3,635
2024$1,246 per active participant
2023$1,106 per active participant
2022$1,293 per active participant

Landrum Professional Employer Services, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$486,046
SLAVIC MUTUAL FUND MANAGEMENT CORP · Investment management$219,737
BKS · Investment advisory (participants)$59,436
CARR RIGGS & INGRAM · Accounting / audit$11,500

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

Recordkeeper by year2
2024Slavic401k
2023Slavic401k

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

Administrative cost history3
2024$776,628 · 0.63%
2023$616,745 · 0.59%
2022$539,626 · 0.51%
Same employer
Similar plansAdministrative & Support Services · Florida
Alphastaff Group, Inc. FL$252.3M · 0.56%
Cross Country Healthcare FL$218.3M · 0.30%
Frankcrum 11, Inc. FL$205.3M · 0.79%
Iap Worldwide Services, Inc. FL$150.9M · 0.02%
Massey Services, Inc. FL$105.8M · 0.26%
Qualawash Holdings, LLC FL$87.9M · 0.43%
Decisionhr, Inc. FL$66.9M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592345956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.