Plan Ledger DOL Form 5500 · updated monthly

The Intermed Group401(k)

INTERMED PROFIT SHARING AND 401(K) PLAN · ALACHUA, FL · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

The Intermed Group reported $75,709 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,140 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 0.47% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,386th-largest of 3,644 plans among Florida employers on file, and the 1,308th of 3,341 in other services. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,647,589
Participants with balances346
Active participants258
Employer contributions$552,197
Employee contributions$1,214,155
Employer contribution per active participant$2,140
Average account balance$42,334
Benefits paid to participants$1,964,100
Plan auditUnmodified (clean) audit opinion
AuditorASSURANCE DIMENSIONS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 346 accts · $552K emplr
2023$13.2M · 287 accts · $441K emplr
2022$10.6M · 277 accts · $518K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,071
Investment management$33,638
Total administrative$75,709
The The Intermed Group 401(k) match · 2024
Employer contribution per active participant$2,140
Median for plans this size$2,416
2024$2,140 per active participant
2023$1,672 per active participant
2022$1,872 per active participant

The Intermed Group's 2024 employer contribution ran below the $2,416 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,646

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$75,709 · 0.54%
2023$66,556 · 0.56%
2022$50,964 · 0.47%
Same employer
Similar plansOther Services · Florida
Synergy Rents LLC FL$16.0M · 0.75%
TEN-8 Fire & Safety, LLC FL$15.5M · 0.33%
Pantropic Power Inc. FL$15.3M · 0.27%
Jensen U.S.A. FL$14.4M · 0.01%
Power Services Group, Inc. FL$13.3M · 0.45%
Bath & Tennis Club, Inc. FL$12.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475678139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.