Plan Ledger DOL Form 5500 · updated monthly

Pure Source, LLC401(k)

PURE SOURCE, LLC RETIREMENT PLAN · MIAMI BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.96%

Pure Source, LLC reported $39,818 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% 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.

Across the 2 years on file its reported administrative ratio rose from 0.82% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Florida (2,655th of 3,644), and 3,764th of 4,246 in wholesale trade. active participation has shrunk from 156 to 110 since 2022.

Plan summary
Net assets, end of year$4,153,671
Participants with balances113
Active participants110
Employer contributions—
Employee contributions$90,455
Employer contribution per active participant—
Average account balance$36,758
Benefits paid to participants$659,990
Plan auditUnmodified (clean) audit opinion
AuditorROSALINE MENDOZA, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 113 accts
2023$4.1M · 116 accts
2022$3.6M · 174 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,818
Total administrative$39,818
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 · 20244
PROVENANCE WEALTH ADVISORS LLC · Investment advisory (plan)$17,205
ROSALINE MENDOZA CPA PA · Accounting / audit$5,500
DEFINITI, LLC · Contract administrator$1,900

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$39,818 · 0.96%
2023$35,250 · 0.91%
2022$34,266 · 0.82%
Similar plansWholesale Trade · Florida
Warehouse Goods LLC FL$4.8M · 0.15%
USA Bouquet LLC FL$4.5M · 0.82%
Mayo Fertilizer, Inc. FL$4.5M · 0.56%
Lewis Marine Supply LLC FL$4.2M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650588961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.