Plan Ledger DOL Form 5500 · updated monthly

Silver Springs Bottled Water Co.401(k)

SILVER SPRINGS BOTTLED WATER CO. EMPLOYEES SAVINGS TRUST · OCALA, FL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Silver Springs Bottled Water Co. reported $11,377 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,437 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 0.14% to 0.10%. 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 1,560th-largest of 3,644 plans among Florida employers on file, and 7,943rd of 13,661 in manufacturing. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 260 to 300 since 2022.

Plan summary
Net assets, end of year$12,277,649
Participants with balances231
Active participants300
Employer contributions$431,050
Employee contributions$756,354
Employer contribution per active participant$1,437
Average account balance$53,150
Benefits paid to participants$1,174,321
Plan auditUnmodified (clean) audit opinion
AuditorPURVIS GRAY AND COMPANY LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $308K emplr
2024$12.3M · 231 accts · $431K emplr
2023$10.6M · 211 accts · $376K emplr
2022$9.1M · 202 accts · $355K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,377
Total administrative$11,377
The Silver Springs Bottled Water Co. 401(k) match · 2024
Employer contribution per active participant$1,437
Median for plans this size$2,416
2024$1,437 per active participant
2023$1,377 per active participant
2022$1,367 per active participant

Silver Springs Bottled Water Co.'s 2024 employer contribution ran below 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$6,616
RETIREMENT SOLUTIONS SPECIALISTS LL · Contract administrator · Other services$4,760
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025Not separately reported
2024$11,377 · 0.10%
2023$11,776 · 0.12%
2022$13,232 · 0.14%
Same employer
Similar plansManufacturing · Florida
Apyx Medical Corporation FL$13.0M · 0.45%
Gunderlin, LTD. FL$12.9M · 0.37%
The Fathers Table LLC FL$12.8M · 1.00%
Valley Forge Fabrics, Inc. FL$12.5M · 0.46%
Dayton-Granger Inc. FL$12.1M · 0.26%
Kipu Health LLC FL$11.3M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650238875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.