Plan Ledger DOL Form 5500 · updated monthly

Mainline Information Systems401(k)

MAINLINE INFORMATION SYSTEMS 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Mainline Information Systems reported $135,065 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $4,306 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 0.10% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 271st-largest of 3,644 plans among Florida employers on file, and the 1,244th of 11,654 in professional & technical services. In 2024, employees put in $2.95 for every $1.00 the employer contributed; active participation has grown from 349 to 449 since 2022.

Plan summary
Net assets, end of year$123,733,348
Participants with balances579
Active participants449
Employer contributions$1,933,469
Employee contributions$5,712,891
Employer contribution per active participant$4,306
Average account balance$213,702
Benefits paid to participants$10,754,133
Plan auditUnmodified (clean) audit opinion
AuditorTHOMSON BROCK LUGER & COMPANY CPA
Plan history3
Yearassets · accounts · employer contribution
2024$123.7M · 579 accts · $1.9M emplr
2023$109.4M · 507 accts · $1.7M emplr
2022$93.4M · 478 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,065
Total administrative$135,065
The Mainline Information Systems 401(k) match · 2024
Employer contribution per active participant$4,306
Median for plans this size$3,635
2024$4,306 per active participant
2023$4,404 per active participant
2022$4,410 per active participant

Mainline Information Systems's 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$134,777
SAGEVIEW ADVISORY GROUP · 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$135,065 · 0.12%
2023$114,972 · 0.11%
2022$108,422 · 0.10%
Same employer
Similar plansProfessional & Technical Services · Florida
The Hackett Group, Inc. FL$143.7M · 0.17%
The Simplex Group, Inc. FL$141.4M · 0.75%
V P Holdings, Inc. FL$121.8M · 0.18%
HX5, LLC FL$112.9M · 0.46%
Banker Lopez Gassler P.A. FL$109.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592960721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.