Plan Ledger DOL Form 5500 · updated monthly

Total Employee Leasing, Inc.401(k)

TOTAL EMPLOYEE LEASING 401(K) PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
1.98%

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

Total Employee Leasing, Inc. reported $117,837 in plan administrative expenses for 2024: 1.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $504 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 1.36% to 1.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Florida (2,257th of 3,644), and 1,387th of 2,096 in real estate & leasing. In 2024, employees put in $3.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,375,506
Participants with balances191
Active participants380
Employer contributions$191,577
Employee contributions$588,831
Employer contribution per active participant$504
Average account balance$33,380
Benefits paid to participants$435,847
Plan auditUnmodified (clean) audit opinion
AuditorSALTMARSH CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 191 accts · $192K emplr
2023$5.5M · 308 accts · $281K emplr
2022$4.3M · 279 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,226
Investment management$17,611
Total administrative$117,837
The Total Employee Leasing, Inc. 401(k) match · 2024
Employer contribution per active participant$504
Median for plans this size$1,313
2024$504 per active participant
2023$525 per active participant
2022$426 per active participant

Total Employee Leasing, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
RAYMOND JAMES FSA INC. · Investment advisory (participants)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$117,837 · 1.98%
2023$76,198 · 1.55%
2022$61,516 · 1.36%
Similar plansReal Estate & Leasing · Florida
Seacrest Services, Inc. FL$6.4M · 1.03%
Agpm, LLC FL$5.3M · 1.13%
Holland Pump Company FL$5.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593663120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.