Plan Ledger DOL Form 5500 · updated monthly

The Recon Group LLP401(k)

THE RECON GROUP 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
1.66%

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

The Recon Group LLP reported $37,518 in plan administrative expenses for 2024: 1.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,108 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Florida (2,982nd of 3,644), and 2,062nd of 2,199 in information & media. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,541,788
Participants with balances168
Active participants279
Employer contributions$309,056
Employee contributions$445,897
Employer contribution per active participant$1,108
Average account balance$15,130
Benefits paid to participants$379,585
Plan auditUnmodified (clean) audit opinion
AuditorBERKOWITZ POLLACK BRANT ADVISORS
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,204
Total administrative$37,518
The The Recon Group LLP 401(k) match · 2024
Employer contribution per active participant$1,108
Median for plans this size$1,313

The Recon Group LLP'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$26,355
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$10,628

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$37,518 · 1.66%
Same employer
Similar plansInformation & Media · Florida
Health Gorilla Inc. FL$3.9M · 0.51%
Insite Capital LLC FL$2.8M · 1.24%
Transworld Network Corp. FL$2.2M · 0.02%
Ecomsystems, LLC FL$830K · 0.62%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 320454096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.