Plan Ledger DOL Form 5500 · updated monthly

Mainsail Property Management, Ll401(k)

MAINSAIL PROPERTY MANAGEMENT 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Mainsail Property Management, Ll reported $44,671 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $904 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 0.70% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,398th-largest of 3,644 plans among Florida employers on file, and the 787th of 2,534 in administrative & support services. In 2024, employees put in $2.17 for every $1.00 the employer contributed; active participation has grown from 608 to 747 since 2022.

Plan summary
Net assets, end of year$14,466,452
Participants with balances425
Active participants747
Employer contributions$675,426
Employee contributions$1,466,220
Employer contribution per active participant$904
Average account balance$34,039
Benefits paid to participants$2,137,363
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 425 accts · $675K emplr
2023$12.1M · 353 accts · $685K emplr
2022$9.1M · 351 accts · $587K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,671
Total administrative$44,671
The Mainsail Property Management, Ll 401(k) match · 2024
Employer contribution per active participant$904
Median for plans this size$2,416
2024$904 per active participant
2023$1,035 per active participant
2022$965 per active participant

Mainsail Property Management, Ll'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 · 20244
ADP, INC. · Loan processing · Recordkeeping$44,712
ADP BROKER-DEALER · Other servicesindirect comp
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect comp
NEWYORK LIFE · Other servicesindirect 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
2024ADP
2023ADP

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

Administrative cost history3
2024$44,671 · 0.34%
2023$41,188 · 0.39%
2022$63,654 · 0.70%
Same employer
Similar plansAdministrative & Support Services · Florida
Medicus Select, LLC FL$15.4M · 0.26%
Sdi, Inc. FL$14.6M · 0.68%
Leesar Inc. FL$14.2M · 0.53%
Nesco Resource LLC FL$13.2M · 0.88%
Msc Cruisesusa LLC FL$12.9M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204521317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.