Plan Ledger DOL Form 5500 · updated monthly

Tampa Bay Banking Company401(k)

TAMPA BAY BANKING COMPANY 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Tampa Bay Banking Company reported $87,463 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,915 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 0.26% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 774th-largest of 3,644 plans among Florida employers on file, and the 2,327th of 4,798 in finance & insurance. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,924,112
Participants with balances376
Active participants274
Employer contributions$798,820
Employee contributions$2,131,189
Employer contribution per active participant$2,915
Average account balance$84,905
Benefits paid to participants$3,921,141
Plan auditUnmodified (clean) audit opinion
AuditorRIVERO, GORDIMER & COMPANY P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 376 accts · $799K emplr
2023$29.1M · 376 accts · $771K emplr
2022$24.5M · 362 accts · $721K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,891
Investment management$44,572
Total administrative$87,463
The Tampa Bay Banking Company 401(k) match · 2024
Employer contribution per active participant$2,915
Median for plans this size$2,416
2024$2,915 per active participant
2023$2,687 per active participant
2022$2,643 per active participant

Tampa Bay Banking Company'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 · 20243
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Investment advisory (plan)$38,532
EMPOWER ADVISORY GROUP, LLC · Investment management$6,040

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$87,463 · 0.29%
2023$71,959 · 0.27%
2022$67,960 · 0.26%
All plans at this employer2
TAMPA BAY BANKING COMPANY EMPLOYEE STOCK OWNERSHIP PLANESOP
TAMPA BAY BANKING COMPANY 401(K) PLAN401(k)
Similar plansFinance & Insurance · Florida
Bbx Capital, Inc. FL$33.6M · 0.24%
Banco Do Brasil FL$33.6M · 0.18%
Helm Bank USA FL$31.0M · 0.44%
Ltc Global, Inc. FL$30.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592775258 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.