Plan Ledger DOL Form 5500 · updated monthly

Sun Terminals Inc401(k)

SUN TERMINALS INC 401K PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Sun Terminals Inc reported $32,697 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,094 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 3 years on file its reported administrative ratio has held roughly steady near 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,737th of 3,644), and 1,818th of 2,677 in transportation & warehousing. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 173 to 235 since 2022.

Plan summary
Net assets, end of year$3,748,311
Participants with balances250
Active participants235
Employer contributions$492,120
Employee contributions$955,006
Employer contribution per active participant$2,094
Average account balance$14,993
Benefits paid to participants$934,663
Plan auditUnmodified (clean) audit opinion
AuditorVERDEJA - DEARMAS - TRUJILLO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 250 accts · $492K emplr
2023$2.7M · 256 accts · $414K emplr
2022$1.7M · 228 accts · $357K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,697
Total administrative$32,697
The Sun Terminals Inc 401(k) match · 2024
Employer contribution per active participant$2,094
Median for plans this size$1,313
2024$2,094 per active participant
2023$2,235 per active participant
2022$2,066 per active participant

Sun Terminals Inc'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$32,696

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$32,697 · 1.02%
2023$20,256 · 0.93%
2022$17,532 · 1.04%
Same employer
Similar plansTransportation & Warehousing · Florida
King Ocean Agency Inc FL$4.2M · 0.96%
Cruise Yacht Opco LTD. FL$4.1M · 0.12%
Southeast Unloading, LLC FL$3.7M · 2.38%
Davis Express Inc. FL$3.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650246224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.