Plan Ledger DOL Form 5500 · updated monthly

Sunshine Flowers Corporation401(k)

FLORAL BENEFITS 401(K) PROFIT SHARING PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Sunshine Flowers Corporation reported $68,333 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,756 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 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,139th-largest of 3,644 plans among Florida employers on file, and the 1,076th of 3,341 in other services. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,481,964
Participants with balances223
Active participants231
Employer contributions$636,529
Employee contributions$1,059,257
Employer contribution per active participant$2,756
Average account balance$87,363
Benefits paid to participants$1,951,197
Plan auditUnmodified (clean) audit opinion
AuditorJULIAN J. RODRIGUEZ, PA
Plan history3
Yearassets · accounts · employer contribution
2024$19.5M · 223 accts · $637K emplr
2023$17.7M · 210 accts · $609K emplr
2022$15.7M · 208 accts · $886K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,333
Total administrative$68,333
The Sunshine Flowers Corporation 401(k) match · 2024
Employer contribution per active participant$2,756
Median for plans this size$2,416
2024$2,756 per active participant
2023$2,624 per active participant
2022$3,904 per active participant

Sunshine Flowers Corporation's 2024 employer contribution ran above the $2,416 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 · 20246
MERRILL LYNCH PIERCE FENNER SMITH · Investment advisory (plan)$31,071
DEFINITI, LLC · Contract administrator$8,172
ENVESZT RETIREMENT SOLUTIONS$892
HORNER TOWNSEND & KENT LLCindirect 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$68,333 · 0.37%
2023$65,576 · 0.39%
2022$61,976 · 0.38%
Similar plansOther Services · Florida
Terran Orbital Corporation FL$22.2M · 0.34%
Mastercorp, Inc. FL$18.9M · 0.28%
Florida Food Products LLC FL$18.2M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824653162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.