Plan Ledger DOL Form 5500 · updated monthly

Skyway Underwriters, LLC401(k)

AMERICAN COASTAL 401K PLAN · ST. PETERSBURG, FL · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Skyway Underwriters, LLC reported $34,530 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $6,523 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 963rd-largest of 3,644 plans among Florida employers on file, and 2,742nd of 4,798 in finance & insurance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,462,190
Participants with balances241
Active participants79
Employer contributions$515,303
Employee contributions$957,449
Employer contribution per active participant$6,523
Average account balance$101,503
Benefits paid to participants$2,591,813
Plan auditUnmodified (clean) audit opinion
AuditorPRIDA, GUIDA & PEREZ, P.A.
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,530
Total administrative$34,530
The Skyway Underwriters, LLC 401(k) match · 2024
Employer contribution per active participant$6,523
Median for plans this size$2,416

Skyway Underwriters, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$34,530

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

Administrative cost history1
2024$34,530 · 0.15%
Similar plansFinance & Insurance · Florida
Bradesco Bank FL$26.1M · 0.01%
Banesco USA FL$25.9M · 0.23%
Trg Fiduciary Services, LLC FL$24.7M · 0.41%
Bupa Worldwide Corporation FL$23.6M · 0.33%
First Florida Credit Union FL$22.8M · 0.25%
Amscot Financial, Inc. FL$22.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844973632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.