Plan Ledger DOL Form 5500 · updated monthly

The Boys & Girls Club of Palm Beach County401(k)

THE BOYS & GIRLS CLUB OF PALM BEACH 401(K) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

The Boys & Girls Club of Palm Beach County reported $7,903 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $1,309 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 0.57% to 0.32%. 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 (2,941st of 3,644), and 9,487th of 11,911 in health care & social assistance. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has grown from 91 to 158 since 2022.

Plan summary
Net assets, end of year$2,702,766
Participants with balances171
Active participants158
Employer contributions$206,858
Employee contributions$221,223
Employer contribution per active participant$1,309
Average account balance$15,806
Benefits paid to participants$206,303
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 171 accts · $207K emplr
2023$2.2M · 146 accts · $175K emplr
2022$1.9M · 146 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,903
Total administrative$7,903
The The Boys & Girls Club of Palm Beach County 401(k) match · 2024
Employer contribution per active participant$1,309
Median for plans this size$1,313
2024$1,309 per active participant
2023$1,606 per active participant
2022$1,714 per active participant

The Boys & Girls Club of Palm Beach County's 2024 employer contribution ran below the $1,313 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
EDWARD D. JONES & CO., L.O. · Investment advisory (participants)$7,274
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$485

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,903 · 0.32%
2023$9,214 · 0.45%
2022$13,933 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Impower, Inc. FL$2.8M · 1.36%
Sonata Health Care, LLC FL$2.8M · 0.76%
Retiring by Design FL$2.8M · 0.71%
Centerplace Health, Inc. FL$2.7M · 0.10%
Guardian Care, Inc. FL$2.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237060561 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.