Plan Ledger DOL Form 5500 · updated monthly

Tower Imaging, LLC401(k)

TOWER IMAGING, LLC RETIREMENT PLAN AND TRUST · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.02%

Tower Imaging, LLC reported $1,942 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. 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 0.52% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,442nd-largest of 3,644 plans among Florida employers on file, and the 4,720th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$13,841,809
Participants with balances303
Active participants589
Employer contributions—
Employee contributions$1,019,293
Employer contribution per active participant—
Average account balance$45,683
Benefits paid to participants$336,355
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 303 accts
2023$11.5M · 318 accts · $294K emplr
2022$9.6M · 260 accts · $238K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,942
Total administrative$1,942
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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment management$1,942

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$1,942 · 0.02%
2023$68,356 · 0.65%
2022$50,315 · 0.52%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Lensar, Inc. FL$14.1M · 0.07%
Patriot National Inc. FL$14.1M · 0.10%
Apalachee Center, Inc. FL$14.0M · 0.69%
Summit Care II, Inc. FL$13.7M · 0.03%
Bioserenity USA Inc. FL$13.7M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591433551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.