Plan Ledger DOL Form 5500 · updated monthly

Sandestin Investments, LLC401(k)

SANDESTIN INVESTMENTS, LLC 401 (K) PLAN · DESTIN, FL · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Sandestin Investments, LLC reported $28,222 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $435 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 0.84% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Florida (2,783rd of 3,644), and the 1,104th of 2,240 in accommodation & food services. In 2024, employees put in $2.76 for every $1.00 the employer contributed; active participation has grown from 384 to 471 since 2022.

Plan summary
Net assets, end of year$3,542,149
Participants with balances158
Active participants471
Employer contributions$204,719
Employee contributions$564,486
Employer contribution per active participant$435
Average account balance$22,419
Benefits paid to participants$265,500
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 158 accts · $205K emplr
2023$2.7M · 132 accts · $172K emplr
2022$2.3M · 105 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,222
Total administrative$28,222
The Sandestin Investments, LLC 401(k) match · 2024
Employer contribution per active participant$435
Median for plans this size$1,313
2024$435 per active participant
2023$408 per active participant

Sandestin Investments, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$28,222

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$28,222 · 0.90%
2023$24,803 · 1.00%
2022$20,974 · 0.84%
Same employer
Similar plansAccommodation & Food Services · Florida
Prado Enterprises, Inc. FL$3.4M · 0.26%
Bern's Steak House FL$3.3M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271254413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.