Plan Ledger DOL Form 5500 · updated monthly

Naval Continuing Care Retirement Foundation dba Fleet Landing401(k)

FLEET LANDING 401(K) RETIREMENT PLAN · ATLANTIC BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Naval Continuing Care Retirement Foundation dba Fleet Landing reported $8,988 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,146 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 0.05% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (1,886th of 3,644), and 6,027th of 11,911 in health care & social assistance. In 2024, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,102,641
Participants with balances227
Active participants299
Employer contributions$342,759
Employee contributions$597,010
Employer contribution per active participant$1,146
Average account balance$40,100
Benefits paid to participants$686,410
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 227 accts · $343K emplr
2023$7.8M · 221 accts · $307K emplr
2022$6.7M · 231 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,988
Total administrative$8,988
The Naval Continuing Care Retirement Foundation dba Fleet Landing 401(k) match · 2024
Employer contribution per active participant$1,146
Median for plans this size$1,313
2024$1,146 per active participant
2023$1,029 per active participant
2022$1,054 per active participant

Naval Continuing Care Retirement Foundation dba Fleet Landing's 2024 employer contribution ran below 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
DEFINITI-LLC · Contract administrator$11,005
CAPITAL GROUP RETIREMENT PLAN SERVI$5,190

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$8,988 · 0.11%
2023$23,241 · 0.32%
2022$3,564 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Professional Care I, Inc. FL$9.2M · 0.31%
Plymouth Harbor, Inc. FL$8.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592708341 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.