Plan Ledger DOL Form 5500 · updated monthly

Max Planck Florida Corporation403(b)

MPFC 403B RETIREMENT PLAN · JUPITER, FL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Max Planck Florida Corporation reported $93,799 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,196 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 3 years on file its reported administrative ratio has held roughly steady near 0.509%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,120th-largest of 3,644 plans among Florida employers on file, and the 5,560th of 11,654 in professional & technical services. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$19,945,676
Participants with balances151
Active participants127
Employer contributions$1,040,917
Employee contributions$847,119
Employer contribution per active participant$8,196
Average account balance$132,091
Benefits paid to participants$798,147
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 151 accts · $1.0M emplr
2023$16.9M · 146 accts · $1.0M emplr
2022$13.4M · 141 accts · $993K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,799
Total administrative$93,799
Employer contributions to the Max Planck Florida Corporation plan · 2024
Employer contribution per active participant$8,196
Median for plans this size$2,416
2024$8,196 per active participant
2023$8,041 per active participant
2022$7,821 per active participant

Max Planck Florida Corporation's 2024 employer contribution ran above the $2,416 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$93,799

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$93,799 · 0.51%
2023$75,652 · 0.50%
2022$71,984 · 0.51%
Same employer
Similar plansProfessional & Technical Services · Florida
Kelley Kronenberg, P.A. FL$20.1M · 0.41%
Velocity Solutions, LLC FL$19.8M · 0.08%
Avairpros Services, Inc FL$19.7M · 0.43%
Channel Partners Group, LLC FL$19.5M · 1.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262117502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.