Plan Ledger DOL Form 5500 · updated monthly

Lutheran Services Florida Inc.403(b)

LUTHERAN SERVICES FLORIDA RETIREMENT PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Lutheran Services Florida Inc. reported $32,937 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $573 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 0.13% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 992nd-largest of 3,644 plans among Florida employers on file, and the 3,283rd of 11,911 in health care & social assistance. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 2,609 to 2,911 since 2022.

Plan summary
Net assets, end of year$23,665,216
Participants with balances1,972
Active participants2,911
Employer contributions$1,667,981
Employee contributions$3,239,771
Employer contribution per active participant$573
Average account balance$12,001
Benefits paid to participants$3,572,369
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 1,972 accts · $1.7M emplr
2023$19.6M · 1,794 accts · $1.5M emplr
2022$14.6M · 1,561 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,937
Total administrative$32,937
Employer contributions to the Lutheran Services Florida Inc. plan · 2024
Employer contribution per active participant$573
Median for plans this size$2,416
2024$573 per active participant
2023$533 per active participant
2022$454 per active participant

Lutheran Services Florida Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$41,712
FIDUCIARY FIRST LLC · Investment managementindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,937 · 0.15%
2023$35,911 · 0.21%
2022$18,738 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Growth Orthopaedics Mso FL$24.0M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592198911 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.