Plan Ledger DOL Form 5500 · updated monthly

Usg Management Services of Florida, Inc.401(k)

USG MANAGEMENT SERVICES OF FLORIDA, INC. 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Usg Management Services of Florida, Inc. reported $139,398 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,342 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 0.77% to 0.92%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,284th-largest of 3,644 plans among Florida employers on file, and 3,355th of 4,798 in finance & insurance. In 2024, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,468,824
Participants with balances261
Active participants219
Employer contributions$513,002
Employee contributions$1,207,066
Employer contribution per active participant$2,342
Average account balance$63,099
Benefits paid to participants$1,697,393
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, JOHNSON & SMITH, PA
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 261 accts · $513K emplr
2023$13.9M · 246 accts · $490K emplr
2022$11.6M · 231 accts · $474K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,632
Investment management$52,766
Total administrative$139,398
The Usg Management Services of Florida, Inc. 401(k) match · 2024
Employer contribution per active participant$2,342
Median for plans this size$2,416
2024$2,342 per active participant
2023$2,335 per active participant
2022$2,278 per active participant

Usg Management Services of Florida, Inc.'s 2024 employer contribution ran below 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 · 20244
UBS FINANCIAL SERVICES, INC. · Investment advisory (plan)$45,527
RETIREMENT SOLUTIONS SPECIALISTS · Contract administrator$19,545
EMPOWER ADVISORY GROUP, LLC · Investment management$2,949

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$139,398 · 0.92%
2023$112,475 · 0.88%
2022$95,264 · 0.77%
Same employer
Similar plansFinance & Insurance · Florida
Ecapital Enterprises Corp. FL$17.8M · 0.48%
First Commerce Credit Union FL$17.5M · 0.08%
US Century Bank FL$16.3M · 0.33%
Radiant Credit Union FL$15.8M · 0.40%
McCoy Federal Credit Union FL$15.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421615219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.