Plan Ledger DOL Form 5500 · updated monthly

System Soft Technologies, LLC401(k)

SYSTEM SOFT TECHNOLOGIES, LLC 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.58%

System Soft Technologies, LLC reported $62,479 in plan administrative expenses for 2024: 0.58% of average plan assets, higher 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 rose from 0.53% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,683rd-largest of 3,644 plans among Florida employers on file, and 7,664th of 11,654 in professional & technical services. active participation has shrunk from 614 to 441 since 2022.

Plan summary
Net assets, end of year$11,081,620
Participants with balances158
Active participants441
Employer contributions—
Employee contributions$1,094,691
Employer contribution per active participant—
Average account balance$70,137
Benefits paid to participants$1,977,636
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 158 accts
2023$10.4M · 192 accts
2022$9.8M · 202 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,711
Investment management$41,768
Total administrative$62,479
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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,700
MERRILL LYNCH - FAS · Investment advisory (participants)$20,884
MERRILL LYNCH - EPS · Investment advisory (participants)$20,884

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$62,479 · 0.58%
2023$61,112 · 0.60%
2022$51,893 · 0.53%
Same employer
Similar plansProfessional & Technical Services · Florida
Integrated Dermatology, LLC FL$11.4M · 0.38%
B3H Corporation FL$11.4M · 0.47%
Hayes Medical Staffing, LLC FL$11.2M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593583134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.