Plan Ledger DOL Form 5500 · updated monthly

Software Brokers of America, Inc401(k)

INTCOMEX 401(K) PLAN · MEDLEY, FL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Software Brokers of America, Inc reported $69,773 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,502 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 0.04% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,162nd-largest of 3,644 plans among Florida employers on file, and the 1,984th of 4,246 in wholesale trade. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,951,585
Participants with balances196
Active participants210
Employer contributions$525,430
Employee contributions$941,750
Employer contribution per active participant$2,502
Average account balance$96,692
Benefits paid to participants$1,080,394
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 196 accts · $525K emplr
2023$16.3M · 205 accts · $524K emplr
2022$13.4M · 216 accts · $478K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,048
Investment management$36,725
Total administrative$69,773
The Software Brokers of America, Inc 401(k) match · 2024
Employer contribution per active participant$2,502
Median for plans this size$2,416
2024$2,502 per active participant
2023$2,510 per active participant
2022$2,367 per active participant

Software Brokers of America, Inc'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$36,725
ADP, INC. · Loan processing · Recordkeeping$33,048
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$69,773 · 0.40%
2023$34,778 · 0.23%
2022$6,139 · 0.04%
Same employer
Similar plansWholesale Trade · Florida
Aso LLC FL$20.5M · 0.04%
Cone Distributing, Inc. FL$19.8M · 0.56%
The Lewis Bear Company FL$19.5M · 0.54%
Advantus Corporation FL$18.8M · 0.13%
A & M Supply Holdings, Inc. FL$18.5M · 0.01%
Tampa Bay Steel Corporation FL$18.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650083438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.