Plan Ledger DOL Form 5500 · updated monthly

Sba Communications Corporation401(k)

SBA NETWORK SERVICES, LLC 401(K) PROFIT SHARING PLAN · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Sba Communications Corporation reported $321,411 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,877 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 fell from 0.25% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 241st-largest of 3,644 plans among Florida employers on file, and the 242nd of 2,199 in information & media. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$145,231,158
Participants with balances1,302
Active participants1,058
Employer contributions$3,043,600
Employee contributions$9,321,349
Employer contribution per active participant$2,877
Average account balance$111,545
Benefits paid to participants$12,572,919
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$145.2M · 1,302 accts · $3.0M emplr
2023$126.0M · 1,357 accts · $3.3M emplr
2022$100.5M · 1,387 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$238,598
Investment management$82,813
Total administrative$321,411
The Sba Communications Corporation 401(k) match · 2024
Employer contribution per active participant$2,877
Median for plans this size$3,635
2024$2,877 per active participant
2023$2,962 per active participant
2022$2,723 per active participant

Sba Communications Corporation's 2024 employer contribution ran below the $3,635 median for plans its size. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$205,522
CAPFINANCIAL PARTNERS, L · Investment advisory (plan) · Investment management$82,813
COHN REZNIK LLP · Accounting / audit$33,075

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$321,411 · 0.24%
2023$322,706 · 0.29%
2022$272,419 · 0.25%
Same employer
Similar plansInformation & Media · Florida
Dycom Industries, Inc. FL$402.4M · 0.16%
Times Publishing Company FL$199.4M · 0.04%
Availity, L.L.C. FL$174.8M · 0.12%
Kaseya US, LLC FL$143.7M · 0.35%
Connectwise, LLC. FL$123.0M · 0.24%
Modernizing Medicine, Inc. FL$114.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650911445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.