Plan Ledger DOL Form 5500 · updated monthly

Sucro Can Sourcing LLC401(k)

SUCRO CAN SOURCING LLC 401(K) PROFIT SHARING PLAN & TRUST · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
1.42%

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

Sucro Can Sourcing LLC reported $29,928 in plan administrative expenses for 2024: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,798 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 1 year on file its reported administrative ratio rose from 1.12% to 1.42%. 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 (3,001st of 3,644), and 10,722nd of 11,654 in professional & technical services. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,462,178
Participants with balances190
Active participants111
Employer contributions$199,604
Employee contributions$470,903
Employer contribution per active participant$1,798
Average account balance$12,959
Benefits paid to participants$205,251
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$2.5M · 190 accts · $200K emplr
2023$1.8M · 141 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,138
Investment management$11,790
Total administrative$29,928
The Sucro Can Sourcing LLC 401(k) match · 2024
Employer contribution per active participant$1,798
Median for plans this size$1,313
2024$1,798 per active participant
2023$1,416 per active participant

Sucro Can Sourcing 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
PAYCHEX, INC. · Recordkeeping$10,052
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (participants)$10,789
401K GENERATION · Contract administrator$7,755

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history2
2024$29,928 · 1.42%
2023$15,736 · 1.12%
Similar plansProfessional & Technical Services · Florida
Software Resources Inc FL$2.7M · 0.55%
Sitero LLC FL$2.5M · 0.41%
Florida West Coast, Inc. FL$2.5M · 1.27%
American Vision Group LLC FL$2.4M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465268076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.