Plan Ledger DOL Form 5500 · updated monthly

People's Trust Insurance Co.401(k)

PEOPLE'S TRUST INSURANCE CO 401(K) PROFIT SHARING PLAN & TRUST · DEERFIELD BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

People's Trust Insurance Co. reported $81,029 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,073 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 3 years on file its reported administrative ratio has held roughly steady near 0.432%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,122nd-largest of 3,644 plans among Florida employers on file, and 3,067th of 4,798 in finance & insurance. In 2024, employees put in $5.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,936,221
Participants with balances585
Active participants312
Employer contributions$334,821
Employee contributions$1,712,267
Employer contribution per active participant$1,073
Average account balance$34,079
Benefits paid to participants$2,341,539
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERFUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 585 accts · $335K emplr
2023$17.6M · 609 accts · $443K emplr
2022$15.0M · 544 accts · $380K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,388
Investment management$1,641
Total administrative$81,029
The People's Trust Insurance Co. 401(k) match · 2024
Employer contribution per active participant$1,073
Median for plans this size$2,416
2024$1,073 per active participant
2023$1,120 per active participant
2022$1,107 per active participant

People's Trust Insurance Co.'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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$1,641
PREFERRED PRODUCT NETWORK INCindirect comp

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$81,029 · 0.43%
2023$63,170 · 0.39%
2022$69,713 · 0.43%
Same employer
Similar plansFinance & Insurance · Florida
Launch Credit Union FL$20.9M · 0.58%
Nsd Newco, Inc FL$20.2M · 0.12%
First Home Bank FL$19.7M · 0.17%
Applied Card Systems, Inc. FL$19.2M · 0.32%
Security First Managers LLC FL$19.1M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261716465 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.