Plan Ledger DOL Form 5500 · updated monthly

Sun Orchard LLC401(k)

SUN ORCHARD LLC 401(K) PROFIT SHARING PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Sun Orchard LLC reported $10,614 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,692 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 fell from 0.19% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Florida (1,998th of 3,644), and 1,846th of 3,341 in other services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 218 to 248 since 2022.

Plan summary
Net assets, end of year$8,161,334
Participants with balances147
Active participants248
Employer contributions$419,695
Employee contributions$825,629
Employer contribution per active participant$1,692
Average account balance$55,519
Benefits paid to participants$578,125
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 147 accts · $420K emplr
2023$6.8M · 141 accts · $361K emplr
2022$5.0M · 136 accts · $311K emplr
The Sun Orchard LLC 401(k) match · 2024
Employer contribution per active participant$1,692
Median for plans this size$1,313
2024$1,692 per active participant
2023$1,737 per active participant
2022$1,426 per active participant

Sun Orchard 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,364
PAYCHEX INC DBA SOUTHEASTERN EMPLOY · Contract administrator$4,250
MORNING STAR INVESTMENT MANAGMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$10,614 · 0.14%
2023$10,590 · 0.18%
2022$8,472 · 0.19%
Same employer
Similar plansOther Services · Florida
Wash Depot Holdings, Inc. FL$8.4M · 0.08%
Hui Huliau FL$7.8M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472428513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.