Plan Ledger DOL Form 5500 · updated monthly

Summit Care II, Inc.401(k)

SUMMIT CARE 401(K) PLAN · TALLAHASSEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.03%

Summit Care II, Inc. reported $3,780 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. 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 fell from 0.04% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,449th-largest of 3,644 plans among Florida employers on file, and the 4,748th of 11,911 in health care & social assistance. active participation has grown from 994 to 1,212 since 2022.

Plan summary
Net assets, end of year$13,740,401
Participants with balances398
Active participants1,212
Employer contributions—
Employee contributions$816,017
Employer contribution per active participant—
Average account balance$34,524
Benefits paid to participants$1,071,357
Plan auditUnmodified (clean) audit opinion
AuditorRICHARDS, MITCHELL, & CROSS, PA
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 398 accts
2023$12.4M · 414 accts
2022$10.8M · 398 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,780
Total administrative$3,780
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.

Administrative cost history3
2024$3,780 · 0.03%
2023$4,500 · 0.04%
2022$5,252 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Apalachee Center, Inc. FL$14.0M · 0.69%
Tower Imaging, LLC FL$13.8M · 0.02%
Bioserenity USA Inc. FL$13.7M · 0.52%
Health Choice Network, Inc FL$13.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593734290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.