Plan Ledger DOL Form 5500 · updated monthly

One Spa World,Llc401(k)

ONE SPA WORLD 401K SAVINGS PLAN I · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

One Spa World,Llc reported $134,370 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,142 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 0.44% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 704th-largest of 3,644 plans among Florida employers on file, and the 605th of 3,341 in other services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 491 to 377 since 2022.

Plan summary
Net assets, end of year$35,889,831
Participants with balances326
Active participants377
Employer contributions$430,669
Employee contributions$883,384
Employer contribution per active participant$1,142
Average account balance$110,092
Benefits paid to participants$2,290,035
Plan auditUnmodified (clean) audit opinion
AuditorLERROSARBEY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$35.9M · 326 accts · $431K emplr
2023$32.1M · 438 accts · $413K emplr
2022$26.6M · 461 accts · $368K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,517
Investment management$54,638
Trustee / custodial$5,215
Total administrative$134,370
The One Spa World,Llc 401(k) match · 2024
Employer contribution per active participant$1,142
Median for plans this size$2,416
2024$1,142 per active participant
2023$857 per active participant
2022$750 per active participant

One Spa World,Llc's 2024 employer contribution ran below the $2,416 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
INGHAM & COMPANY · Contract administrator · Recordkeeping$128,678
NATIONAL FINANCIAL SERVICES · Custodial (securities)$5,215

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

Recordkeeper by year2
2024INGHAM & COMPANY
2023INGHAM & COMPANY

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Administrative cost history3
2024$134,370 · 0.40%
2023$121,885 · 0.42%
2022$131,716 · 0.44%
All plans at this employer2
ONE SPA WORLD 401K SAVINGS PLAN I401(k)
ONE SPA WORLD 401(K) SAVINGS PLAN II401(k)
Same employer
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Med-Lab Supply Co., Inc. FL$41.3M · 0.15%
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Ortho Benefits Corp FL$37.3M · 0.43%
Power Services Group, Inc. FL$34.2M · 0.35%
All Points Logistics, LLC FL$32.3M · 0.56%
Florida Realtors FL$29.9M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823520440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.