Plan Ledger DOL Form 5500 · updated monthly

Sihle Insurance Group, Inc.401(k)

SIHLE INSURANCE GROUP, INC. SAVINGS PLAN · ALTAMONTE SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Sihle Insurance Group, Inc. reported $21,688 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,244 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 0.83% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (2,349th of 3,644), and 4,390th of 4,798 in finance & insurance. In 2024, employees put in $3.10 for every $1.00 the employer contributed; active participation has grown from 100 to 111 since 2022.

Plan summary
Net assets, end of year$5,859,832
Participants with balances159
Active participants111
Employer contributions$138,093
Employee contributions$427,694
Employer contribution per active participant$1,244
Average account balance$36,854
Benefits paid to participants$265,902
Plan auditUnmodified (clean) audit opinion
AuditorH&CO,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 159 accts · $138K emplr
2023$5.0M · 148 accts · $110K emplr
2022$4.0M · 125 accts · $114K emplr
Administrative expenses, itemized · 2024
Investment management$12,836
Total administrative$21,688
The Sihle Insurance Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,244
Median for plans this size$1,313
2024$1,244 per active participant
2023$1,003 per active participant
2022$1,143 per active participant

Sihle Insurance Group, 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 · 20246
BISON WEALTH LLC · Investment advisory (plan)$8,689
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$4,147
CARPENTER MORSE GROUP · Contract administrator$1,100
CAPITAL GROUP RETIREMENT PLAN SERVI$938
ENVESTNET RETIREMENT SOLUTIONS, LLC$580

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$21,688 · 0.40%
2023$19,251 · 0.43%
2022$36,171 · 0.83%
Same employer
Similar plansFinance & Insurance · Florida
Carisk Partners, Inc. FL$6.5M · 0.01%
Terrabank, N.A. FL$6.2M · 0.08%
Apollo Bank FL$6.2M · 0.72%
Hillsborough Title, Inc. FL$5.4M · 0.45%
Csi Enterprises Inc FL$5.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591619274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.