Plan Ledger DOL Form 5500 · updated monthly

Legal Aid Service of Broward C401(k)

403(B) THRIFT PLAN OF LEGAL AID SERVICE OF BROWARD COUNTY, INC. · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Legal Aid Service of Broward C reported $845 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $636 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 0.012% to 0.014%. 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 (2,312th of 3,644), and 9,366th of 11,654 in professional & technical services. In 2024, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,085,529
Participants with balances129
Active participants116
Employer contributions$73,722
Employee contributions$254,631
Employer contribution per active participant$636
Average account balance$47,175
Benefits paid to participants$885,315
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 129 accts · $74K emplr
2023$5.7M · 112 accts
2022$5.0M · 106 accts
The Legal Aid Service of Broward C 401(k) match · 2024
Employer contribution per active participant$636
Median for plans this size$1,313

Legal Aid Service of Broward C'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,157

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history3
2024$845 · 0.01%
2023$149 · 0.00%
2022$687 · 0.01%
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Image Api, LLC. FL$6.2M · 0.65%
Mindteck, Inc. FL$6.2M · 0.54%
Adacel Systems Inc. FL$6.1M · 0.64%
Payspan Inc. FL$6.1M · 0.58%
Amtis, Inc. FL$6.0M · 0.98%
Blackfish Federal, LLC FL$6.0M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591547191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.