Plan Ledger DOL Form 5500 · updated monthly

Lotspeich Co. of Florida, Inc.401(k)

LOTSPEICH CO. OF FLORIDA, INC. 401(K) PROFIT SHARING PLAN · FORT LAUDERDALE, FL · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Lotspeich Co. of Florida, Inc. reported $84,463 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,370 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 3 years on file its reported administrative ratio has held roughly steady near 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,030th-largest of 3,644 plans among Florida employers on file, and the 1,858th of 5,337 in construction. In 2023, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 173 to 192 since 2022.

Plan summary
Net assets, end of year$22,570,244
Participants with balances142
Active participants192
Employer contributions$454,999
Employee contributions$850,198
Employer contribution per active participant$2,370
Average account balance$158,945
Benefits paid to participants$1,677,485
Plan auditUnmodified (clean) audit opinion
AuditorBRINK, KEY & CHLUDZINSKI P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 142 accts · $455K emplr
2023$22.6M · 142 accts · $455K emplr
2022$19.8M · 140 accts · $346K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$80,472
Investment management$3,991
Total administrative$84,463
The Lotspeich Co. of Florida, Inc. 401(k) match · 2023
Employer contribution per active participant$2,370
Median for plans this size$2,440
2024$3,036 per active participant
2023$2,370 per active participant
2022$1,998 per active participant

Lotspeich Co. of Florida, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK USA · Recordkeeping · Investment management$2,894
WILSHIRE ASSOCIATES INC (USA) · Investment advisory (participants)$3,991

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$81,965 · 0.36%
2023$84,463 · 0.40%
2022$79,910 · 0.38%
Same employer
Similar plansConstruction · Florida
Minto Communities, LLC FL$26.9M · 0.49%
The Corradino Group, Inc. FL$25.9M · 0.02%
Crom Corporation FL$21.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591171393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.