Plan Ledger DOL Form 5500 · updated monthly

Luke & Associates, Inc.401(k)

LUKE & ASSOCIATES, INC. 401(K) PLAN · ROCKLEDGE, FL · plan year 2022

Reported admin expense ratio · 2022
1.50%

Luke & Associates, Inc. reported $74,692 in plan administrative expenses for 2022: 1.50% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,515th of 3,644), and 1,454th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$4,865,646
Participants with balances432
Active participants651
Employer contributions—
Employee contributions$1,256,891
Employer contribution per active participant—
Average account balance$11,263
Benefits paid to participants$629,509
Plan auditUnmodified (clean) audit opinion
AuditorGRENNAN FENDER CERT.PUB.ACCTS.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$39,651
Investment management$23,588
Professional / advisory$11,453
Total administrative$74,692
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$74,692 · 1.50%
Same employer
Similar plansAdministrative & Support Services · Florida
Hunter Warfield, Inc. FL$5.3M · 0.78%
Cell Staff LLC FL$5.1M · 1.20%
Magna Associates, Inc. FL$4.9M · 0.25%
Howard Leasing, Inc. FL$4.5M · 1.23%
Patronus Systems Inc. FL$4.4M · 1.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201117185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.