Plan Ledger DOL Form 5500 · updated monthly

Neocis, Inc.401(k)

NEOCIS 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Neocis, Inc. reported $10,014 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,654 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 0.118%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,781st-largest of 3,644 plans among Florida employers on file, and 8,782nd of 13,661 in manufacturing. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has shrunk from 161 to 137 since 2022.

Plan summary
Net assets, end of year$9,979,171
Participants with balances213
Active participants137
Employer contributions$774,623
Employee contributions$1,532,635
Employer contribution per active participant$5,654
Average account balance$46,851
Benefits paid to participants$1,055,386
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 213 accts · $775K emplr
2023$7.0M · 214 accts · $788K emplr
2022$4.4M · 217 accts · $709K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,324
Investment management$6,690
Total administrative$10,014
The Neocis, Inc. 401(k) match · 2024
Employer contribution per active participant$5,654
Median for plans this size$1,313
2024$5,654 per active participant
2023$5,753 per active participant
2022$4,404 per active participant

Neocis, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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
GUIDELINE, INC. · Plan administrator · Recordkeeping$9,080
BENEFIT TRUST COMPANY · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024Guideline
2023Guideline

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

Administrative cost history3
2024$10,014 · 0.12%
2023$6,568 · 0.11%
2022$4,254 · 0.12%
Similar plansManufacturing · Florida
Bk Technologies, Inc FL$10.1M · 0.27%
Drummond Press Inc FL$10.0M · 0.48%
Mnemonics, Inc FL$9.9M · 0.14%
Hoveround Corporation FL$9.9M · 0.56%
Tuuci, LLC FL$9.7M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900925719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.