Plan Ledger DOL Form 5500 · updated monthly

Scotlynn USA Division, Inc.401(k)

SCOTLYNN USA DIVISION INC 401(K) PLAN · FORT MYERS, FL · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Scotlynn USA Division, Inc. reported $88,667 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,593 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 0.84% to 0.79%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,528th-largest of 3,644 plans among Florida employers on file, and the 999th of 2,677 in transportation & warehousing. In 2024, employees put in $2.32 for every $1.00 the employer contributed; active participation has grown from 228 to 286 since 2022.

Plan summary
Net assets, end of year$12,647,696
Participants with balances324
Active participants286
Employer contributions$741,566
Employee contributions$1,720,435
Employer contribution per active participant$2,593
Average account balance$39,036
Benefits paid to participants$798,209
Plan auditUnmodified (clean) audit opinion
AuditorHSC/TUSCAN & COMPANY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 324 accts · $742K emplr
2023$9.7M · 284 accts · $707K emplr
2022$6.4M · 241 accts · $641K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,879
Investment management$49,788
Total administrative$88,667
The Scotlynn USA Division, Inc. 401(k) match · 2024
Employer contribution per active participant$2,593
Median for plans this size$2,416
2024$2,593 per active participant
2023$2,056 per active participant
2022$2,809 per active participant

Scotlynn USA Division, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
ASCENSUS LLC · Recordkeeping$38,879
HBKS WEALTH ADVISORS · Investment advisory (plan)$49,788

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$88,667 · 0.79%
2023$67,360 · 0.84%
2022$48,642 · 0.84%
Same employer
Similar plansTransportation & Warehousing · Florida
Allstates Worldcargo, Inc. FL$13.0M · 0.52%
US Pack Services, LLC FL$11.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272104137 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.