Plan Ledger DOL Form 5500 · updated monthly

Stewart's Sleep Center, Inc401(k)

MATTER BROTHERS FURNITURE 401(K) PLAN · TARPON SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Stewart's Sleep Center, Inc reported $30,799 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $439 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 0.40% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,533rd of 3,644), and 3,826th of 5,215 in retail trade. In 2024, employees put in $8.19 for every $1.00 the employer contributed; active participation has grown from 191 to 218 since 2022.

Plan summary
Net assets, end of year$4,768,769
Participants with balances157
Active participants218
Employer contributions$95,602
Employee contributions$782,992
Employer contribution per active participant$439
Average account balance$30,374
Benefits paid to participants$746,945
Plan auditUnmodified (clean) audit opinion
AuditorPRIDA, GUIDA & PEREZ, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 157 accts · $96K emplr
2023$4.2M · 241 accts · $111K emplr
2022$2.8M · 241 accts · $103K emplr
The Stewart's Sleep Center, Inc 401(k) match · 2024
Employer contribution per active participant$439
Median for plans this size$1,313
2024$439 per active participant
2023$440 per active participant
2022$537 per active participant

Stewart's Sleep Center, 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 · 202412
T. ROWE PRICE RPS, INC. · Recordkeeping · Trustee$30,799
AMERICAN FUNDS · Investment managementindirect comp
DIMENSIONAL FUNDS · Investment managementindirect comp
MFS FUNDS · Investment managementindirect comp
MET WEST FUNDS · Investment managementindirect comp
VANGUARD GROUP · Investment managementindirect comp
JP MORGAN FUNDS · Investment managementindirect comp
FRANKLIN TEMPLETON · Investment managementindirect comp
FIDELITY · Investment managementindirect comp
ALLIANCE BERNSTEIN · Investment managementindirect comp
PRINCIPAL FUNDS · Investment managementindirect comp
JANUS FUNDS · Investment managementindirect 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
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$30,799 · 0.68%
2023$18,430 · 0.52%
2022$11,134 · 0.40%
Same employer
Similar plansRetail Trade · Florida
Vitadepot.com, LLC FL$4.8M · 0.66%
Bcss, LTD. FL$4.8M · 0.25%
Treasure Coast Lexus FL$4.7M · 0.08%
Eckler Industries Inc FL$4.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592043978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.