Plan Ledger DOL Form 5500 · updated monthly

Miami Beckham United, LLC401(k)

INTER MIAMI CF RETIREMENT PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
1.28%

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

Miami Beckham United, LLC reported $28,302 in plan administrative expenses for 2024: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,629 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 0.72% to 1.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Florida (2,927th of 3,644), and 1,085th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,804,891
Participants with balances193
Active participants212
Employer contributions$345,383
Employee contributions$801,346
Employer contribution per active participant$1,629
Average account balance$14,533
Benefits paid to participants$487,933
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 193 accts · $345K emplr
2023$1.6M · 151 accts
2022$1.1M · 121 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,302
Total administrative$28,302
The Miami Beckham United, LLC 401(k) match · 2024
Employer contribution per active participant$1,629
Median for plans this size$1,313

Miami Beckham United, LLC's 2024 employer contribution ran above the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$28,301
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)indirect comp

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$28,302 · 1.28%
2023$17,108 · 1.28%
2022$6,752 · 0.72%
Similar plansArts, Entertainment & Recreation · Florida
Norton Museum of Art, Inc FL$3.1M · 0.11%
Sarasota Yacht Club Inc FL$2.9M · 0.72%
Cmx Cinemas, LLC FL$2.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464242572 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.