Plan Ledger DOL Form 5500 · updated monthly

Marinemax, Inc.401(k)

MARINEMAX, INC. 401(K) PROFIT SHARING PLAN · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Marinemax, Inc. reported $559,610 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,027 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 0.33% to 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 158th-largest of 3,644 plans among Florida employers on file, and the 193rd of 5,215 in retail trade. In 2024, employees put in $3.14 for every $1.00 the employer contributed; active participation has grown from 2,078 to 2,810 since 2022.

Plan summary
Net assets, end of year$233,442,072
Participants with balances3,272
Active participants2,810
Employer contributions$5,697,011
Employee contributions$17,911,973
Employer contribution per active participant$2,027
Average account balance$71,345
Benefits paid to participants$19,672,462
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$233.4M · 3,272 accts · $5.7M emplr
2023$196.6M · 3,207 accts · $5.6M emplr
2022$136.5M · 2,321 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$300,468
Investment management$234,642
Audit (IQPA)$23,000
Total administrative$559,610
The Marinemax, Inc. 401(k) match · 2024
Employer contribution per active participant$2,027
Median for plans this size$3,635
2024$2,027 per active participant
2023$1,739 per active participant
2022$2,303 per active participant

Marinemax, Inc.'s 2024 employer contribution ran below 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 · 20245
MORGAN STANLEY · Investment advisory (plan)$138,462
EMPOWER ADVISORY GROUP, LLC · Investment management$96,180
CBIZ OPERATIONS INC DBA CBIZ MHM LL · Accounting / audit$23,000
QDRO CONSULTANTS COMPANY, LLC$1,500

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$559,610 · 0.26%
2023$540,000 · 0.32%
2022$417,713 · 0.33%
Similar plansRetail Trade · Florida
Southeastern Grocers LLC FL$914.1M · 0.11%
Amsi FL$442.5M · 0.31%
Chewy, Inc. FL$315.0M · 0.22%
Tbc Corporation FL$232.0M · 0.13%
Chico's Fas, Inc. FL$195.0M · 0.21%
Beall's Inc. FL$118.2M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593496957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.