Plan Ledger DOL Form 5500 · updated monthly

Tbc Corporation401(k)

TBC CORPORATION SAFE HARBOR 401(K) PLAN · PALM BEACH GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Tbc Corporation reported $288,508 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,121 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 fell from 0.17% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 159th-largest of 3,644 plans among Florida employers on file, and the 194th of 5,215 in retail trade. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$232,048,430
Participants with balances3,091
Active participants2,532
Employer contributions$5,369,658
Employee contributions$9,209,214
Employer contribution per active participant$2,121
Average account balance$75,072
Benefits paid to participants$35,546,701
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$232.0M · 3,091 accts · $5.4M emplr
2023$222.2M · 3,184 accts · $5.5M emplr
2022$205.6M · 3,290 accts · $6.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$168,445
Investment management$102,313
Audit (IQPA)$17,750
Total administrative$288,508
The Tbc Corporation 401(k) match · 2024
Employer contribution per active participant$2,121
Median for plans this size$3,635
2024$2,121 per active participant
2023$2,111 per active participant
2022$2,340 per active participant

Tbc Corporation's 2024 employer contribution ran below the $3,635 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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$168,445
MERCER INVESTMENT MANAGEMENT · Investment advisory (plan)$91,321
LBMC, PC · Accounting / audit$17,750
STEELPEAK WEALTH · Securities brokerage$8,368
CHARLES SCHWAB & CO., INC. · Securities brokerage$2,624
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$288,508 · 0.13%
2023$243,451 · 0.11%
2022$380,954 · 0.17%
Same employer
Similar plansRetail Trade · Florida
Amsi FL$442.5M · 0.31%
Chewy, Inc. FL$315.0M · 0.22%
Marinemax, Inc. FL$233.4M · 0.26%
Chico's Fas, Inc. FL$195.0M · 0.21%
Beall's Inc. FL$118.2M · 0.44%
Cheney Brothers, Inc. FL$114.2M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310600670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.