Plan Ledger DOL Form 5500 · updated monthly

Pen Gulf, Inc.401(k)

PEN GULF, INC. EMPLOYEES' PROFIT SHARING PLAN · PENSACOLA, FL · plan year 2022

Reported admin expense ratio · 2022
3.98%

Pen Gulf, Inc. reported $9,900 in plan administrative expenses for 2022: 3.98% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (3,573rd of 3,644), and 5,291st of 5,337 in construction.

Plan summary
Net assets, end of year$221,139
Participants with balances48
Active participants92
Employer contributions—
Employee contributions$44,681
Employer contribution per active participant—
Average account balance$4,607
Benefits paid to participants$120,835
Plan auditUnmodified (clean) audit opinion
AuditorAVIZO GROUP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$8,940
Professional / advisory$960
Total administrative$9,900
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$9,900 · 3.98%
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Source: U.S. Department of Labor, Form 5500 series, EIN 591953552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.