Simcom, Inc.401(k)
SIMCOM INC. 401(K) RETIREMENT PLAN · ORLANDO, FL · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Simcom, Inc. reported $10,291 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,714 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 0.07% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other educational services employers. By assets it is the 1,309th-largest of 3,644 plans among Florida employers on file, and 1,763rd of 3,091 in educational services. In 2023, employees put in $2.60 for every $1.00 the employer contributed; active participation has grown from 176 to 203 since 2022.
Simcom, Inc.'s 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 650367984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.