Plan Ledger DOL Form 5500 · updated monthly

Orlando Magic, LTD.401(k)

ORLANDO MAGIC 401(K) SAVINGS PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Orlando Magic, LTD. reported $113,982 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,736 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 0.29% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 659th-largest of 3,644 plans among Florida employers on file, and the 261st of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 258 to 333 since 2022.

Plan summary
Net assets, end of year$39,040,597
Participants with balances408
Active participants333
Employer contributions$911,145
Employee contributions$2,418,372
Employer contribution per active participant$2,736
Average account balance$95,688
Benefits paid to participants$1,031,560
Plan auditUnmodified (clean) audit opinion
AuditorTHE DAVIS GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$39.0M · 408 accts · $911K emplr
2023$32.2M · 375 accts · $729K emplr
2022$25.9M · 339 accts · $675K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,474
Investment management$86,908
Audit (IQPA)$11,600
Total administrative$113,982
The Orlando Magic, LTD. 401(k) match · 2024
Employer contribution per active participant$2,736
Median for plans this size$2,416
2024$2,736 per active participant
2023$2,366 per active participant
2022$2,618 per active participant

Orlando Magic, LTD.'s 2024 employer contribution ran above the $2,416 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 · 20245
AMERIPRISE FINANCIAL SERVICES LLC · Investment advisory (plan)$45,150
AMERIPRISE FINANCIAL INC DBA COLUMB · Investment advisory (plan)$25,245
EMPOWER ADVISORY GROUP, LLC · Investment management$16,513
DAVIS GROUP PA · Accounting / audit$11,600

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$113,982 · 0.32%
2023$88,430 · 0.30%
2022$80,630 · 0.29%
Similar plansArts, Entertainment & Recreation · Florida
Miami Dolphins, LTD. FL$56.6M · 0.10%
Jacksonville Jaguars, LLC FL$46.8M · 0.07%
Tavistock Corporation FL$43.0M · 0.34%
Vinik Sports Group LLC FL$35.7M · 0.29%
John's Island Club, Inc. FL$31.7M · 0.15%
V Cruises US LLC FL$27.0M · 0.29%
Bestbet Holdings, Inc. FL$25.6M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593089276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.