Plan Ledger DOL Form 5500 · updated monthly

Surf Style Retail401(k)

SURFSTYLE 401K · HOLLYWOOD, FL · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Surf Style Retail reported $23,055 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $804 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 rose from 0.79% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,867th of 3,644), and 4,312th of 5,215 in retail trade. In 2024, employees put in $2.54 for every $1.00 the employer contributed; active participation has grown from 208 to 279 since 2022.

Plan summary
Net assets, end of year$3,121,227
Participants with balances323
Active participants279
Employer contributions$224,321
Employee contributions$569,349
Employer contribution per active participant$804
Average account balance$9,663
Benefits paid to participants$318,938
Plan auditUnmodified (clean) audit opinion
AuditorCANNER BRODY & YAN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 323 accts · $224K emplr
2023$2.4M · 253 accts · $182K emplr
2022$1.8M · 220 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,493
Investment management$12,562
Total administrative$23,055
The Surf Style Retail 401(k) match · 2024
Employer contribution per active participant$804
Median for plans this size$1,313
2024$804 per active participant
2023$766 per active participant
2022$749 per active participant

Surf Style Retail's 2024 employer contribution ran below 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$12,562
ADP, INC. · Loan processing · Recordkeeping$10,492
ADP BROKER-DEALER · Other servicesindirect comp

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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$23,055 · 0.84%
2023$17,097 · 0.83%
2022$13,430 · 0.79%
Same employer
Similar plansRetail Trade · Florida
Hsk Industries, Inc. FL$3.3M · 0.23%
Jenkins Linc-Merc, Inc. FL$3.3M · 0.30%
Smp Acquisition Co. FL$3.3M · 1.20%
Impact Rto Holdings LLC FL$3.3M · 0.70%
Elite Flower Services FL$2.9M · 2.10%
Deluca Toyota, Inc. FL$2.7M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200495143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.