Plan Ledger DOL Form 5500 · updated monthly

Tampa Bay Workforce Alliance, Inc401(k)

TAMPA BAY WORKFORCE ALLIANCE, INC. 401K PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Tampa Bay Workforce Alliance, Inc reported $27,306 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $3,644 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 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,199th of 3,644), and 6,982nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.65 for every $1.00 employees contributed themselves; active participation has grown from 82 to 158 since 2022.

Plan summary
Net assets, end of year$6,762,166
Participants with balances190
Active participants158
Employer contributions$575,751
Employee contributions$348,361
Employer contribution per active participant$3,644
Average account balance$35,590
Benefits paid to participants$514,279
Plan auditUnmodified (clean) audit opinion
AuditorBDG CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 190 accts · $576K emplr
2023$4.0M · 136 accts · $386K emplr
2022$3.2M · 128 accts · $335K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,722
Investment management$10,584
Total administrative$27,306
The Tampa Bay Workforce Alliance, Inc 401(k) match · 2024
Employer contribution per active participant$3,644
Median for plans this size$1,313
2024$3,644 per active participant
2023$3,606 per active participant
2022$4,082 per active participant

Tampa Bay Workforce Alliance, Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$17,262
POWER FINANCIAL PARTNERS · Investment advisory (plan)$10,044

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$27,306 · 0.51%
2023$20,054 · 0.56%
2022$17,553 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Vault Health, Inc FL$6.9M · 0.61%
American Care Inc. FL$6.8M · 0.83%
Kids in Distress, Inc. FL$6.7M · 0.59%
R'Club Child Care, Inc. FL$6.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593655316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.