Plan Ledger DOL Form 5500 · updated monthly

Miami Beach Community Health Center, Inc.401(k)

MIAMI BEACH COMMUNITY HEALTH CENTER 401(K) SAFE HARBOR PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Miami Beach Community Health Center, Inc. reported $103,833 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,273 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 0.68% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,254th-largest of 3,644 plans among Florida employers on file, and the 1,178th of 3,341 in other services. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 296 to 333 since 2022.

Plan summary
Net assets, end of year$17,070,252
Participants with balances364
Active participants333
Employer contributions$756,783
Employee contributions$1,086,143
Employer contribution per active participant$2,273
Average account balance$46,896
Benefits paid to participants$1,315,059
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 364 accts · $757K emplr
2023$15.1M · 380 accts · $779K emplr
2022$12.3M · 377 accts · $788K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,724
Investment management$91,109
Total administrative$103,833
The Miami Beach Community Health Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,273
Median for plans this size$2,416
2024$2,273 per active participant
2023$2,547 per active participant
2022$2,663 per active participant

Miami Beach Community Health Center, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
JOHN HANCOCK LIFE INSURANCE · Recordkeeping · Investment management$3,872

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$103,833 · 0.65%
2023$92,596 · 0.68%
2022$88,340 · 0.68%
Same employer
Similar plansOther Services · Florida
Mastercorp, Inc. FL$18.9M · 0.28%
Florida Food Products LLC FL$18.2M · 0.45%
Fisher Island Club, Inc. FL$16.5M · 0.21%
Synergy Rents LLC FL$16.0M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591829984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.