Florexpo, LLC. 401(k) Review & Grade
Florexpo, LLC./ Kendal Floral 401k Plan
Carlsbad, CARetail Trade853 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$843Employer $ per active participant
$1,608Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$25.4MNet plan assets, end of year
$39,847Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 31th |
| Employee saving | 26th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Florexpo put in about $843 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $719,233 |
| Participant (employee) contributions | $1,371,444 |
| Other contributions (incl. rollovers in) | $159,452 |
| Administrative expenses paid from the plan | $92,018 |
| Investment advisory & management fees | $36,607 |
| Benefits paid out | $622,477 |
| Net assets, start / end of year | $21.0M / $25.4M |
| Active participants, start / end of year | 891 / 815 |
| Participants with account balances | 638 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $55,412 reported compensation |
| Onedigital Investment Advisors | $36,607 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714150302NAL0001672320004, received 2025-07-14, EIN 33-0639313, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.