Plan Ledger DOL Form 5500 · updated monthly

Legacy Intermediate, LLC401(k)

P2P RETIREMENT PLAN · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Legacy Intermediate, LLC reported $210,123 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $432 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 0.76% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 661st-largest of 3,644 plans among Florida employers on file, and the 377th of 2,534 in administrative & support services. In 2024, employees put in $9.93 for every $1.00 the employer contributed; active participation has grown from 481 to 1,823 since 2022.

Plan summary
Net assets, end of year$38,785,589
Participants with balances1,619
Active participants1,823
Employer contributions$788,148
Employee contributions$7,825,561
Employer contribution per active participant$432
Average account balance$23,957
Benefits paid to participants$6,789,881
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.8M · 1,619 accts · $788K emplr
2023$29.6M · 1,128 accts · $843K emplr
2022$11.4M · 663 accts · $553K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,601
Investment management$83,522
Total administrative$210,123
The Legacy Intermediate, LLC 401(k) match · 2024
Employer contribution per active participant$432
Median for plans this size$2,416
2024$432 per active participant
2023$648 per active participant
2022$1,149 per active participant

Legacy Intermediate, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$126,601
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$83,520

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$210,123 · 0.61%
2023$167,967 · 0.82%
2022$89,877 · 0.76%
Similar plansAdministrative & Support Services · Florida
Galloway, Inc. FL$51.1M · 0.24%
Iqor, Inc. FL$48.5M · 0.14%
Yellowstone Landscape, Inc. FL$39.1M · 0.35%
HR Delivered LLC FL$37.9M · 1.08%
Hays U.S. Corporation FL$36.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611405190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.