Plan Ledger DOL Form 5500 · updated monthly

Operation Par, Inc.401(k)

OPERATION PAR 401(K) SAVINGS PLAN · PINELLAS PARK, FL · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Operation Par, Inc. reported $42,419 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $749 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 0.49% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,578th-largest of 3,644 plans among Florida employers on file, and the 5,119th of 11,911 in health care & social assistance. In 2024, employees put in $3.03 for every $1.00 the employer contributed; active participation has grown from 339 to 382 since 2022.

Plan summary
Net assets, end of year$12,138,351
Participants with balances242
Active participants382
Employer contributions$286,238
Employee contributions$867,787
Employer contribution per active participant$749
Average account balance$50,158
Benefits paid to participants$994,850
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 242 accts · $286K emplr
2023$10.7M · 244 accts · $265K emplr
2022$9.4M · 239 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,022
Trustee / custodial$3,392
Total administrative$42,419
The Operation Par, Inc. 401(k) match · 2024
Employer contribution per active participant$749
Median for plans this size$2,416
2024$749 per active participant
2023$735 per active participant
2022$709 per active participant

Operation Par, Inc.'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 · 20241
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$39,023

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$42,419 · 0.37%
2023$42,585 · 0.43%
2022$48,476 · 0.49%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Westminster Services, Inc. FL$12.5M · 0.77%
Pinnacle Home Care, Inc. FL$12.3M · 0.64%
Suncoast Center, Inc. FL$12.0M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591349234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.