Plan Ledger DOL Form 5500 · updated monthly

Titan Electric Companies, LLC401(k)

TITAN ELECTRIC 401 (K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Titan Electric Companies, LLC reported $71,160 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,749 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 0.60% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,365th-largest of 3,644 plans among Florida employers on file, and the 2,465th of 5,337 in construction. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,056,863
Participants with balances372
Active participants403
Employer contributions$1,107,665
Employee contributions$2,027,262
Employer contribution per active participant$2,749
Average account balance$40,475
Benefits paid to participants$2,406,541
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, JOHNSON & SMITH, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 372 accts · $1.1M emplr
2023$12.5M · 350 accts · $946K emplr
2022$9.8M · 270 accts · $668K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,989
Investment management$11,268
Total administrative$71,160
The Titan Electric Companies, LLC 401(k) match · 2024
Employer contribution per active participant$2,749
Median for plans this size$2,416
2024$2,749 per active participant
2023$2,353 per active participant
2022$1,626 per active participant

Titan Electric Companies, LLC's 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,989
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$28,171

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$71,160 · 0.52%
2023$50,806 · 0.46%
2022$61,063 · 0.60%
Same employer
Similar plansConstruction · Florida
Ripa and Associates, LLC FL$15.3M · 0.16%
Hypower, Inc. FL$15.1M · 0.13%
Bcb Homes, Inc. FL$14.6M · 0.46%
The Smart Companies. LLC FL$14.3M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843860949 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.