Plan Ledger DOL Form 5500 · updated monthly

Olive Avenue Staffing, LLC401(k)

KOLTER HOSPITALITY 401(K) PLAN · DELRAY BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Olive Avenue Staffing, LLC reported $52,186 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $548 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 fell from 0.85% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,136th of 3,644), and the 1,217th of 2,534 in administrative & support services. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 420 to 822 since 2022.

Plan summary
Net assets, end of year$7,133,853
Participants with balances291
Active participants822
Employer contributions$450,390
Employee contributions$795,722
Employer contribution per active participant$548
Average account balance$24,515
Benefits paid to participants$1,041,197
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 291 accts · $450K emplr
2023$5.9M · 221 accts · $371K emplr
2022$4.4M · 215 accts · $357K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,186
Total administrative$52,186
The Olive Avenue Staffing, LLC 401(k) match · 2024
Employer contribution per active participant$548
Median for plans this size$1,313
2024$548 per active participant
2023$721 per active participant
2022$850 per active participant

Olive Avenue Staffing, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$52,185
401(K) ADVISORS INC · 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$52,186 · 0.80%
2023$43,513 · 0.84%
2022$38,060 · 0.85%
Same employer
Similar plansAdministrative & Support Services · Florida
All Star Recruiting, Inc. FL$8.0M · 0.37%
O2 Media, Inc. FL$7.0M · 1.33%
Medical Data System, Inc. FL$6.7M · 0.72%
Sdi International Corp. FL$6.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475614074 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.