Plan Ledger DOL Form 5500 · updated monthly

Mote Marine Laboratory, Inc.403(b)

MOTE MARINE LABORATORY, INC. RETIREMENT PLAN · SARASOTA, FL · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Mote Marine Laboratory, Inc. reported $88,422 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,153 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 0.25% to 0.31%. 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 847th-largest of 3,644 plans among Florida employers on file, and the 4,305th of 11,654 in professional & technical services. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 287 to 337 since 2022.

Plan summary
Net assets, end of year$28,808,734
Participants with balances292
Active participants337
Employer contributions$725,447
Employee contributions$1,035,550
Employer contribution per active participant$2,153
Average account balance$98,660
Benefits paid to participants$4,092,996
Plan auditUnmodified (clean) audit opinion
AuditorKERKERING, BERBERIO & CO
Plan history3
Yearassets · accounts · employer contribution
2024$28.8M · 292 accts · $725K emplr
2023$28.3M · 284 accts · $716K emplr
2022$25.5M · 280 accts · $640K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,422
Total administrative$88,422
Employer contributions to the Mote Marine Laboratory, Inc. plan · 2024
Employer contribution per active participant$2,153
Median for plans this size$2,416
2024$2,153 per active participant
2023$2,188 per active participant
2022$2,229 per active participant

Mote Marine Laboratory, 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 · 20242
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$85,970
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment management$2,452

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$88,422 · 0.31%
2023$73,372 · 0.27%
2022$69,044 · 0.25%
Same employer
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HR, Inc. dba Simple HR FL$29.0M · 0.40%
Assistrx, Inc. FL$28.9M · 0.65%
Voloridge, LLC FL$28.7M · 0.24%
Analytic Partners, Inc. FL$28.7M · 0.44%
Kerkering, Barberio & Co. FL$28.3M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590756643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.