Plan Ledger DOL Form 5500 · updated monthly

US Assure Insurance Services of Florida, Inc.401(k)

US ASSURE INSURANCE SERVICES OF FLORIDA, INC. 401(K) PROFIT SHARING · JACKSONVILLE, FL · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

US Assure Insurance Services of Florida, Inc. reported $16,011 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,188 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 1 year on file its reported administrative ratio rose from 0.05% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 862nd-largest of 3,644 plans among Florida employers on file, and 2,503rd of 4,798 in finance & insurance. In 2023, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,288,773
Participants with balances208
Active participants168
Employer contributions$703,621
Employee contributions$1,015,157
Employer contribution per active participant$4,188
Average account balance$136,004
Benefits paid to participants$798,026
Plan auditUnmodified (clean) audit opinion
AuditorPIVOT CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $451K emplr
2023$28.3M · 208 accts · $704K emplr
2022$23.3M · 202 accts · $602K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,011
Total administrative$16,011
The US Assure Insurance Services of Florida, Inc. 401(k) match · 2023
Employer contribution per active participant$4,188
Median for plans this size$2,440
2023$4,188 per active participant
2022$3,765 per active participant

US Assure Insurance Services of Florida, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,011
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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
2024Not separately reported
2023$16,011 · 0.06%
2022$11,577 · 0.05%
Same employer
Similar plansFinance & Insurance · Florida
Ltc Global, Inc. FL$30.0M · 0.01%
Eglin Federal Credit Union FL$28.7M · 0.36%
Ned Davis Research, Inc. FL$26.7M · 0.01%
Hci Group, Inc. FL$26.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593716329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.