Plan Ledger DOL Form 5500 · updated monthly

Ska Inc401(k)

SKA INC 401(K) PROFIT SHARING PLAN & TRUST · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Ska Inc reported $11,646 in plan administrative expenses for 2024: 0.53% of average plan assets, above the peer median. Employer contributions averaged $554 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 0.49% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (3,011th of 3,644), and 12,604th of 13,661 in manufacturing. In 2024, employees put in $7.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,424,265
Participants with balances151
Active participants76
Employer contributions$42,136
Employee contributions$322,415
Employer contribution per active participant$554
Average account balance$16,055
Benefits paid to participants$160,054
Plan auditUnmodified (clean) audit opinion
AuditorPOOLER CPA GROUP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 151 accts · $42K emplr
2023$2.0M · 144 accts · $39K emplr
2022$1.4M · 124 accts · $36K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,521
Investment management$5,265
Trustee / custodial$860
Total administrative$11,646
The Ska Inc 401(k) match · 2024
Employer contribution per active participant$554
Median for plans this size$1,313
2024$554 per active participant
2023$501 per active participant
2022$503 per active participant

Ska Inc's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20242
PAYCHEX, INC. · Recordkeeping$5,638
LEVELIZED COMPENSATION ADVISOR · Investment advisory (plan)$5,265

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$11,646 · 0.53%
2023$8,235 · 0.49%
2022$6,798 · 0.49%
Similar plansManufacturing · Florida
Salvo Technologies, Inc. FL$2.5M · 0.33%
Jsm & Associates, LLC FL$2.5M · 0.86%
Jr Plastics FL$2.3M · 0.08%
Exxelia USA Inc FL$2.3M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593192332 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.