Plan Ledger DOL Form 5500 · updated monthly

Pantropic Power Inc.401(k)

PANTROPIC POWER INC.SAVINGS & PROFIT SHARING PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Pantropic Power Inc. reported $38,471 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,198 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 0.32% to 0.27%. 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 1,349th-largest of 3,644 plans among Florida employers on file, and the 1,277th of 3,341 in other services. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has grown from 113 to 133 since 2022.

Plan summary
Net assets, end of year$15,347,606
Participants with balances137
Active participants133
Employer contributions$292,337
Employee contributions$451,373
Employer contribution per active participant$2,198
Average account balance$112,026
Benefits paid to participants$953,454
Plan auditUnmodified (clean) audit opinion
AuditorCHERRY BERKAERT, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 137 accts · $292K emplr
2023$12.9M · 134 accts · $202K emplr
2022$10.8M · 128 accts · $221K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,471
Total administrative$38,471
The Pantropic Power Inc. 401(k) match · 2024
Employer contribution per active participant$2,198
Median for plans this size$2,416
2024$2,198 per active participant
2023$1,889 per active participant
2022$1,957 per active participant

Pantropic Power Inc.'s 2024 employer contribution ran below 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 · 20241
EQUITABLE LIFE INSURANCE CO. · Recordkeeping · Trustee (directed)$36,646

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

Recordkeeper by year2
2024EQUITABLE LIFE INSURANCE CO.
2023EQUITABLE LIFE INSURANCE CO.

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

Administrative cost history3
2024$38,471 · 0.27%
2023$44,588 · 0.38%
2022$39,130 · 0.32%
Same employer
Similar plansOther Services · Florida
Synergy Rents LLC FL$16.0M · 0.75%
TEN-8 Fire & Safety, LLC FL$15.5M · 0.33%
The Intermed Group FL$14.6M · 0.54%
Jensen U.S.A. FL$14.4M · 0.01%
Power Services Group, Inc. FL$13.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592749643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.