Plan Ledger DOL Form 5500 · updated monthly

Valeda Company LLC401(k)

Q'STRAINT / SURE-LOK 401(K) RETIREMENT PLAN · FT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Valeda Company LLC reported $79,931 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,928 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 0.63% to 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,491st-largest of 3,644 plans among Florida employers on file, and 7,679th of 13,661 in manufacturing. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has grown from 114 to 133 since 2022.

Plan summary
Net assets, end of year$13,133,928
Participants with balances150
Active participants133
Employer contributions$389,466
Employee contributions$862,597
Employer contribution per active participant$2,928
Average account balance$87,560
Benefits paid to participants$526,566
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 150 accts · $389K emplr
2023$11.1M · 144 accts · $364K emplr
2022$8.8M · 133 accts · $335K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,473
Investment management$41,458
Total administrative$79,931
The Valeda Company LLC 401(k) match · 2024
Employer contribution per active participant$2,928
Median for plans this size$2,416
2024$2,928 per active participant
2023$2,913 per active participant
2022$2,940 per active participant

Valeda Company LLC's 2024 employer contribution ran above 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 · 20242
RPA FINANCIAL, LLC · Investment advisory (plan)$41,455
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$38,473

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$79,931 · 0.66%
2023$63,243 · 0.63%
2022$57,180 · 0.63%
Same employer
Similar plansManufacturing · Florida
Vitamedmd, LLC FL$13.7M · 0.56%
Merrick Industries, Inc. FL$13.1M · 0.51%
Apyx Medical Corporation FL$13.0M · 0.45%
Gunderlin, LTD. FL$12.9M · 0.37%
The Fathers Table LLC FL$12.8M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651122157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.