Plan Ledger DOL Form 5500 · updated monthly

Seacrest Services, Inc.401(k)

SEACREST SERVICES INC. 401(K) PROFIT SHARING PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Seacrest Services, Inc. reported $65,443 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $858 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 0.94% to 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Florida (2,253rd of 3,644), and 1,386th of 2,096 in real estate & leasing. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,395,746
Participants with balances146
Active participants334
Employer contributions$286,604
Employee contributions$552,868
Employer contribution per active participant$858
Average account balance$43,806
Benefits paid to participants$1,443,940
Plan auditUnmodified (clean) audit opinion
AuditorBRESLOW STARLING FROST ET AL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 146 accts · $287K emplr
2023$6.3M · 198 accts · $296K emplr
2022$5.9M · 205 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,443
Total administrative$65,443
The Seacrest Services, Inc. 401(k) match · 2024
Employer contribution per active participant$858
Median for plans this size$1,313
2024$858 per active participant
2023$915 per active participant
2022$945 per active participant

Seacrest Services, Inc.'s 2024 employer contribution ran below the $1,313 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
LINCOLN NATIONAL CORPORATION · Investment management$54,797
UBS FINANCIAL SERVICES · Investment management$16,399
DEFINITI · Contract administrator$9,700

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$65,443 · 1.03%
2023$65,138 · 1.06%
2022$60,987 · 0.94%
Same employer
Similar plansReal Estate & Leasing · Florida
Agpm, LLC FL$5.3M · 1.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591815173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.