Plan Ledger DOL Form 5500 · updated monthly

Skagfield Corporation401(k)

SKAGFIELD CORPORATION 401(K) PROFIT SHARING PLAN · TALLAHASSEE, FL · plan year 2023

Reported admin expense ratio · 2023
0.13%

Skagfield Corporation reported $6,015 in plan administrative expenses for 2023: 0.13% of average plan assets, lower than ~75% of peers. 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 1 year on file its reported administrative ratio fell from 0.15% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,535th of 3,644), and 11,325th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$4,763,577
Participants with balances115
Active participants178
Employer contributions—
Employee contributions$224,971
Employer contribution per active participant—
Average account balance$41,422
Benefits paid to participants$292,758
Plan auditUnmodified (clean) audit opinion
AuditorDELIA FINNERTY
Plan history2
Yearassets · accounts · employer contribution
2023$4.8M · 115 accts
2022$4.3M · 118 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,015
Total administrative$6,015
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,014
GAMMON MONEY MANAGEMENT SERVICES · Other servicesindirect comp

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

Administrative cost history2
2023$6,015 · 0.13%
2022$6,856 · 0.15%
Similar plansManufacturing · Florida
Chemical Containers, Inc. FL$4.7M · 0.07%
Atlas Paper Mills, LLC FL$4.6M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591111599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.