Plan Ledger DOL Form 5500 · updated monthly

Royals, Inc.401(k)

ROYAL'S 401(K) PLAN · BELLE GLADE, FL · plan year 2022

Reported admin expense ratio · 2022
0.46%

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

Royals, Inc. reported $37,211 in plan administrative expenses for 2022: 0.46% of average plan assets, below the peer median. Employer contributions averaged $222 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 rose from 0.46% to 0.83%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Florida (2,200th of 3,644), and the 746th of 2,240 in accommodation & food services. In 2022, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,760,594
Participants with balances151
Active participants477
Employer contributions$105,953
Employee contributions$179,434
Employer contribution per active participant$222
Average account balance$44,772
Benefits paid to participants$351,546
Plan auditUnmodified (clean) audit opinion
AuditorLEVIN, SILVEY, ZELKO & MACKEY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 94 accts · $55K emplr
2023$5.7M · 135 accts · $97K emplr
2022$6.8M · 151 accts · $106K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$37,211
Total administrative$37,211
The Royals, Inc. 401(k) match · 2022
Employer contribution per active participant$222
Median for plans this size$1,114
2024$369 per active participant
2023$637 per active participant
2022$222 per active participant

Royals, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$45,554 · 0.83%
2023$29,565 · 0.48%
2022$37,211 · 0.46%
Similar plansAccommodation & Food Services · Florida
Mitsukoshi U.S.A., Inc. FL$7.6M · 0.01%
Venice Pier Group, Inc. FL$7.1M · 0.17%
Lago Mar Properties, Inc. FL$6.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590429260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.