Plan Ledger DOL Form 5500 · updated monthly

Legal Aid Society of Palm Beach401(k)

LEGAL AID SOCIETY OF PALM BEACH COUNTY, INC./ 401K PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Legal Aid Society of Palm Beach reported $5,349 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,581 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 0.07% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,599th-largest of 3,644 plans among Florida employers on file, and 7,420th of 11,654 in professional & technical services. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 106 to 124 since 2022.

Plan summary
Net assets, end of year$11,898,381
Participants with balances142
Active participants124
Employer contributions$196,051
Employee contributions$530,561
Employer contribution per active participant$1,581
Average account balance$83,791
Benefits paid to participants$325,864
Plan auditUnmodified (clean) audit opinion
AuditorHOLYFIELD & THOMAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 142 accts · $196K emplr
2023$10.2M · 142 accts · $232K emplr
2022$8.3M · 140 accts · $130K emplr
Administrative expenses, itemized · 2024
Investment management$5,349
Total administrative$5,349
The Legal Aid Society of Palm Beach 401(k) match · 2024
Employer contribution per active participant$1,581
Median for plans this size$2,416
2024$1,581 per active participant
2023$1,903 per active participant
2022$1,228 per active participant

Legal Aid Society of Palm Beach's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$5,349 · 0.05%
2023$4,410 · 0.05%
2022$5,277 · 0.07%
Same employer
Similar plansProfessional & Technical Services · Florida
Enavate Holdings, LLC FL$12.1M · 0.75%
Bliss & Nyitray, Inc. FL$11.9M · 0.12%
Intecrowd LLC FL$11.7M · 0.12%
Iventure Solutions, Inc. FL$11.7M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 596046994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.