Plan Ledger DOL Form 5500 · updated monthly

Lynch Management Company401(k)

LYNCH MANAGEMENT COMPANY 401(K) PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Lynch Management Company reported $9,698 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,362 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 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,218th-largest of 3,644 plans among Florida employers on file, and the 1,646th of 5,215 in retail trade. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has shrunk from 189 to 119 since 2022.

Plan summary
Net assets, end of year$17,749,031
Participants with balances197
Active participants119
Employer contributions$281,136
Employee contributions$796,657
Employer contribution per active participant$2,362
Average account balance$90,097
Benefits paid to participants$605,636
Plan auditUnmodified (clean) audit opinion
AuditorMASTERS, SMITH & WISBY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 197 accts · $281K emplr
2023$15.6M · 210 accts · $273K emplr
2022$13.5M · 270 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,698
Total administrative$9,698
The Lynch Management Company 401(k) match · 2024
Employer contribution per active participant$2,362
Median for plans this size$2,416
2024$2,362 per active participant
2023$1,379 per active participant
2022$1,365 per active participant

Lynch Management Company'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.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,698
NEXT FINANCIAL GROUP INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$9,698 · 0.06%
2023$9,939 · 0.07%
2022$9,649 · 0.07%
Same employer
Similar plansRetail Trade · Florida
Myers Auto Group, LLC FL$17.9M · 0.59%
Bill Jarrett Ford Inc. FL$17.6M · 0.13%
Acorn Stairlifts, Inc FL$17.5M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592607387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.