Plan Ledger DOL Form 5500 · updated monthly

Mascap Dealer Holdings, LLC dba Dynamic Equipment401(k)

DYNAMIC EQUIPMENT 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Mascap Dealer Holdings, LLC dba Dynamic Equipment reported $34,930 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $2,494 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 0.06% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Florida (2,412th of 3,644), and 3,576th of 4,246 in wholesale trade. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,436,327
Participants with balances142
Active participants118
Employer contributions$294,247
Employee contributions$587,815
Employer contribution per active participant$2,494
Average account balance$38,284
Benefits paid to participants$539,788
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 142 accts · $294K emplr
2023$4.3M · 154 accts · $280K emplr
2022$3.1M · 129 accts · $79K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,538
Investment management$15,392
Total administrative$34,930
The Mascap Dealer Holdings, LLC dba Dynamic Equipment 401(k) match · 2024
Employer contribution per active participant$2,494
Median for plans this size$1,313
2024$2,494 per active participant
2023$2,155 per active participant
2022$715 per active participant

Mascap Dealer Holdings, LLC dba Dynamic Equipment's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
REGIONS BANK DBA REGIONS TRUST · Investment advisory (plan)$14,434
EMPOWER ADVISORY GROUP, LLC · Investment management$958

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$34,930 · 0.72%
2023$21,550 · 0.59%
2022$1,819 · 0.06%
Same employer
Similar plansWholesale Trade · Florida
Wayne Densch, Inc. FL$6.2M · 0.53%
Coldesi, Inc. FL$5.2M · 0.08%
Pacer Marine, Inc. FL$5.0M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 874087744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.