Plan Ledger DOL Form 5500 · updated monthly

Lee & Cates Glass, Inc.401(k)

LEE & CATES GLASS, INC. EMPLOYEE SAVINGS & PROTECTION PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Lee & Cates Glass, Inc. reported $41,442 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $672 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 0.70% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Florida (2,152nd of 3,644), and 2,012th of 3,341 in other services. In 2024, employees put in $3.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,045,370
Participants with balances93
Active participants145
Employer contributions$97,492
Employee contributions$358,351
Employer contribution per active participant$672
Average account balance$75,757
Benefits paid to participants$885,008
Plan auditUnmodified (clean) audit opinion
AuditorPATRICK & RAINES
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 93 accts · $97K emplr
2023$6.8M · 93 accts · $78K emplr
2022$6.4M · 105 accts · $101K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,874
Investment management$26,393
Total administrative$41,442
The Lee & Cates Glass, Inc. 401(k) match · 2024
Employer contribution per active participant$672
Median for plans this size$1,313
2024$672 per active participant
2023$665 per active participant
2022$626 per active participant

Lee & Cates Glass, Inc.'s 2024 employer contribution ran below 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 · 20244
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$5,697
JOHN HANCOCK USA · Recordkeeping$3,542
NEWEDGE ADVISORS LLC · Investment advisory (participants)$24,419
WILSHIRE ASSOCIATES INC(USA) · Investment advisory (participants)$1,395

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

Recordkeeper by year2
2024Ascensus, John Hancock
2023Ascensus, John Hancock

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Administrative cost history3
2024$41,442 · 0.60%
2023$38,211 · 0.58%
2022$49,091 · 0.70%
Same employer
Similar plansOther Services · Florida
Lift Power, Inc. FL$7.1M · 0.49%
Paycargo LLC FL$6.7M · 1.25%
626 Holdings Equity LLC FL$6.3M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590713691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.