Plan Ledger DOL Form 5500 · updated monthly

Scooterbug, Inc.DC plan

SCOOTERBUG, INC. 401(K) PLAN · ORLANDO, FL · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Scooterbug, Inc. reported $24,146 in plan administrative expenses for 2023: 0.35% of average plan assets, below the peer median. Employer contributions averaged $888 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 1 year on file its reported administrative ratio fell from 0.62% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (2,144th of 3,644), and 4,269th of 4,798 in finance & insurance. In 2023, employees put in $2.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,086,568
Participants with balances239
Active participants244
Employer contributions$216,692
Employee contributions$627,681
Employer contribution per active participant$888
Average account balance$29,651
Benefits paid to participants$1,537,931
Plan auditUnmodified (clean) audit opinion
AuditorH&CO, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$7.1M · 239 accts · $217K emplr
2022$6.8M · 241 accts · $226K emplr
Employer contributions to the Scooterbug, Inc. plan · 2023
Employer contribution per active participant$888
Median for plans this size$1,308
2023$888 per active participant
2022$1,169 per active participant

Scooterbug, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$18,508
CARPENTER MORSE GROUP · Contract administrator$3,000
VESTAL & WILER CPAS$2,000
CAPITAL GROUP RETIREMENT PLAN SERV$1,537

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

Administrative cost history2
2023$24,146 · 0.35%
2022$50,440 · 0.62%
Same employer
Similar plansFinance & Insurance · Florida
Safepoint Mga, LLC FL$7.6M · 0.55%
Intercredit Bank, N.A. FL$7.2M · 0.65%
Nqm Funding, LLC FL$7.0M · 1.30%
Ygrene Energy Fund, Inc. FL$6.9M · 0.29%
King Risk Partners, LLC FL$6.9M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043168374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.