Plan Ledger DOL Form 5500 · updated monthly

Modani Holdings LLC401(k)

MODANI HOLDINGS LLC 401(K) PROFIT SHARING PLAN & TRUST · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
1.35%

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

Modani Holdings LLC reported $8,537 in plan administrative expenses for 2024: 1.35% of average plan assets, above the peer median. Employer contributions averaged $315 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 1.35%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Florida (3,457th of 3,644), and 4,178th of 4,246 in wholesale trade. In 2024, employees put in $1.50 for every $1.00 the employer contributed; active participation has shrunk from 231 to 162 since 2022.

Plan summary
Net assets, end of year$646,086
Participants with balances109
Active participants162
Employer contributions$51,022
Employee contributions$76,770
Employer contribution per active participant$315
Average account balance$5,927
Benefits paid to participants$189,419
Plan auditUnmodified (clean) audit opinion
AuditorCONSTANTIN ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$646K · 109 accts · $51K emplr
2023$620K · 101 accts · $58K emplr
2022$456K · 130 accts · $61K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,384
Investment management$2,293
Trustee / custodial$860
Total administrative$8,537
The Modani Holdings LLC 401(k) match · 2024
Employer contribution per active participant$315
Median for plans this size$540
2024$315 per active participant
2023$313 per active participant
2022$265 per active participant

Modani Holdings LLC's 2024 employer contribution ran below the $540 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.

Administrative cost history3
2024$8,537 · 1.35%
2023$9,648 · 1.79%
2022$8,373 · 1.41%
Similar plansWholesale Trade · Florida
Natures Food Patch Inc FL$1.1M · 0.04%
Hudson Food Stores Inc FL$381K · 0.03%
Food for Less LLC FL$180K · 4.12%
Vology, Inc. FL$2K · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320598920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.