US Default Group LLCESOP
US DEFAULT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BOCA RATON, FL · plan year 2024
US Default Group LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $4,350,585 across 796 participant accounts, with employer contributions averaging $14,444 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio rose from 0.00% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,619th of 3,644), and 10,048th of 11,654 in professional & technical services. active participation has shrunk from 385 to 337 since 2022.
US Default Group LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 271120007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.