Plan Ledger DOL Form 5500 · updated monthly

The Collection, LLC401(k)

THE COLLECTION LLC 401(K) PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The Collection, LLC reported $20,987 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $741 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 0.05% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 875th-largest of 3,644 plans among Florida employers on file, and the 1,105th of 5,215 in retail trade. In 2024, employees put in $5.37 for every $1.00 the employer contributed; active participation has grown from 396 to 496 since 2022.

Plan summary
Net assets, end of year$27,859,776
Participants with balances588
Active participants496
Employer contributions$367,582
Employee contributions$1,975,379
Employer contribution per active participant$741
Average account balance$47,381
Benefits paid to participants$3,293,285
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.9M · 588 accts · $368K emplr
2023$24.9M · 455 accts · $318K emplr
2022$22.0M · 428 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,987
Total administrative$20,987
The The Collection, LLC 401(k) match · 2024
Employer contribution per active participant$741
Median for plans this size$2,416
2024$741 per active participant
2023$788 per active participant
2022$626 per active participant

The Collection, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,986
WORLD INSURANCE ASSOCIATES LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$20,987 · 0.08%
2023$13,264 · 0.06%
2022$11,063 · 0.05%
Same employer
Similar plansRetail Trade · Florida
Williamson Cadillac Company FL$29.9M · 0.81%
Schumacher Auto Group, Inc. FL$29.3M · 0.10%
Allpro Corporation FL$28.7M · 0.76%
Pmc, LLC FL$27.3M · 0.54%
Memorial Motors, Inc. FL$25.1M · 0.77%
Pet Supermarket, Inc. FL$24.3M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651035297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.