Plan Ledger DOL Form 5500 · updated monthly

Validus Senior Living Management Company, LLC401(k)

VALIDUS SENIOR LIVING 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
3.52%

Validus Senior Living Management Company, LLC reported $37,035 in plan administrative expenses for 2024: 3.52% of average plan assets, higher than ~90% 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 4.52% to 3.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,338th of 3,644), and 10,814th of 11,911 in health care & social assistance. active participation has grown from 484 to 559 since 2022.

Plan summary
Net assets, end of year$1,098,614
Participants with balances387
Active participants559
Employer contributions—
Employee contributions$339,739
Employer contribution per active participant—
Average account balance$2,839
Benefits paid to participants$354,056
Plan auditUnmodified (clean) audit opinion
AuditorWARADY DAVIS
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 387 accts
2023$1.0M · 434 accts
2022$645K · 391 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,035
Total administrative$37,035
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,034
KESTRA ADVISORY SERVICES, 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
2024$37,035 · 3.52%
2023$34,830 · 4.21%
2022$24,218 · 4.52%
Similar plansHealth Care & Social Assistance · Florida
Village South, Inc. FL$1.1M · 2.10%
Watercrest Group, LLC FL$1.1M · 0.71%
Wellspring USA LLC FL$1.1M · 1.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461927635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.