Plan Ledger DOL Form 5500 · updated monthly

Tampa Microwave, LLC401(k)

TAMPA MICROWAVE 401(K) PLAN · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Tampa Microwave, LLC reported $57,252 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,693 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 0.60% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,106th of 3,644), and 9,965th of 13,661 in manufacturing. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has shrunk from 130 to 102 since 2022.

Plan summary
Net assets, end of year$7,366,090
Participants with balances118
Active participants102
Employer contributions$478,666
Employee contributions$894,249
Employer contribution per active participant$4,693
Average account balance$62,424
Benefits paid to participants$1,059,865
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 118 accts · $479K emplr
2023$6.2M · 130 accts · $483K emplr
2022$4.5M · 127 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,330
Investment management$53,922
Total administrative$57,252
The Tampa Microwave, LLC 401(k) match · 2024
Employer contribution per active participant$4,693
Median for plans this size$1,313
2024$4,693 per active participant
2023$3,892 per active participant
2022$3,169 per active participant

Tampa Microwave, LLC'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 · 20243
USI SECURITIES, INC. · Recordkeeping · Trustee$26,961
ADP, INC. · Loan processing · Recordkeeping$3,330
ADP BROKER-DEALERindirect 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, USI SECURITIES, INC.
2023ADP, RESOURCES INVESTMENT ADVISORS, INC., USI SECURITIES, INC.

This plan has changed recordkeepers within these filings. If you left Tampa Microwave, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,252 · 0.84%
2023$44,232 · 0.83%
2022$26,756 · 0.60%
Same employer
Similar plansManufacturing · Florida
Airspan Networks Inc. FL$7.6M · 0.44%
Cirkul, Inc. FL$7.5M · 0.80%
Jl Marine Systems, Inc. FL$7.5M · 0.42%
King Plastic Corporation FL$7.3M · 0.49%
Molekule Group, Inc. FL$7.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454182446 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.