Plan Ledger DOL Form 5500 · updated monthly

Shaw Development, LLC401(k)

SHAW DEVELOPMENT, LLC 401(K) PROFIT SHARING PLAN · BONITA SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Shaw Development, LLC reported $88,681 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,019 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 0.47% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,158th-largest of 3,644 plans among Florida employers on file, and the 6,112th of 13,661 in manufacturing. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has shrunk from 289 to 221 since 2023.

Plan summary
Net assets, end of year$19,007,050
Participants with balances263
Active participants221
Employer contributions$667,287
Employee contributions$1,326,439
Employer contribution per active participant$3,019
Average account balance$72,270
Benefits paid to participants$2,378,978
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$18.5M · 251 accts · $505K emplr
2024$19.0M · 263 accts · $667K emplr
2023$16.9M · 306 accts · $625K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,681
Total administrative$88,681
The Shaw Development, LLC 401(k) match · 2024
Employer contribution per active participant$3,019
Median for plans this size$2,416
2025$2,307 per active participant
2024$3,019 per active participant
2023$2,164 per active participant

Shaw Development, LLC'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$86,881
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp
PROGRESSIVE PENSION ADMIN., INC. · Contract administrator · Other servicesindirect comp

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

Administrative cost history3
2025$77,563 · 0.41%
2024$88,681 · 0.49%
2023$72,555 · 0.47%
All plans at this employer2
SHAW DEVELOPMENT, LLC 401(K) PROFIT SHARING PLAN401(k)
SHAW DEVELOPMENT, LLC 401(K) PROFIT SHARING PLAN401(k)
Same employer
Similar plansManufacturing · Florida
Ayr Strategies, Inc. FL$19.8M · 2.08%
U.S. Holdings, Inc. FL$19.8M · 0.51%
Rowell Chemical Corporation FL$19.5M · 0.05%
Rls USA Inc. FL$18.8M · 0.37%
Dosal Tobacco Corporation FL$18.4M · 0.48%
List Industries, Inc. FL$18.1M · 0.55%
Emi Industries LLC FL$17.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112062656 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.