Plan Ledger DOL Form 5500 · updated monthly

Sims Crane & Equipment Company401(k)

SIMS CRANE & EQUIPMENT COMPANY 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Sims Crane & Equipment Company reported $55,189 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $2,749 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 0.37% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,344th-largest of 3,644 plans among Florida employers on file, and the 823rd of 2,096 in real estate & leasing. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,515,051
Participants with balances258
Active participants220
Employer contributions$604,808
Employee contributions$1,351,760
Employer contribution per active participant$2,749
Average account balance$60,136
Benefits paid to participants$1,369,748
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 258 accts · $605K emplr
2023$12.6M · 220 accts · $527K emplr
2022$10.2M · 193 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,189
Total administrative$55,189
The Sims Crane & Equipment Company 401(k) match · 2024
Employer contribution per active participant$2,749
Median for plans this size$2,416
2024$2,749 per active participant
2023$2,241 per active participant
2022$2,078 per active participant

Sims Crane & Equipment Company'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 · 20241

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,189 · 0.39%
2023$42,345 · 0.37%
2022$44,561 · 0.37%
Same employer
Similar plansReal Estate & Leasing · Florida
Wrh Realty Services, Inc. FL$17.9M · 0.58%
Vacation Innovations, LLC FL$15.7M · 0.47%
Cpg Property Services LLC FL$15.4M · 0.61%
Watson Realty Corp. FL$14.7M · 0.70%
Daily Management, Inc. FL$14.5M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592635880 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.