Plan Ledger DOL Form 5500 · updated monthly

Spathe Systems LLC401(k)

SPATHE SYSTEMS LLC 401K PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Spathe Systems LLC reported $21,838 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,774 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 0.23% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,438th of 3,644), and 9,695th of 11,654 in professional & technical services. In 2024, employees put in $3.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,268,801
Participants with balances239
Active participants154
Employer contributions$273,136
Employee contributions$1,019,778
Employer contribution per active participant$1,774
Average account balance$22,045
Benefits paid to participants$528,265
Plan auditUnmodified (clean) audit opinion
AuditorBRIMMER, BUREK & KEELAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 239 accts · $273K emplr
2023$3.7M · 208 accts · $252K emplr
2022$2.6M · 173 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,838
Total administrative$21,838
The Spathe Systems LLC 401(k) match · 2024
Employer contribution per active participant$1,774
Median for plans this size$1,313
2024$1,774 per active participant
2023$1,638 per active participant
2022$1,015 per active participant

Spathe Systems LLC's 2024 employer contribution ran above the $1,313 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
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$18,778
DWC-THE 401(K) EXPERTS · Recordkeeping · Loan processing$3,060
MERRILL LYNCH, PIERCE, FENNER AND S · Investment advisory (plan)$10,232

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

Recordkeeper by year2
2024DWC-THE 401(K) EXPERTS, Transamerica
2023DWC-THE 401(K) EXPERTS, Transamerica

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Administrative cost history3
2024$21,838 · 0.48%
2023$7,964 · 0.25%
2022$6,291 · 0.23%
Same employer
Similar plansProfessional & Technical Services · Florida
Cdn Golf Management Inc. FL$5.3M · 0.83%
Qps Mra, LLC FL$5.3M · 0.56%
Kr Management LLC FL$5.1M · 2.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471787825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.