Plan Ledger DOL Form 5500 · updated monthly

55 Silver401(k)

55 SILVER 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

55 Silver reported $4,577 in plan administrative expenses for 2024: 0.81% of average plan assets, below the peer median. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.13% to 0.81%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (8,939th of 9,483), and 11,110th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$757,522
Participants with balances331
Active participants94
Employer contributions$0
Employee contributions$472,562
Employer contribution per active participant$0
Average account balance$2,289
Benefits paid to participants$156,093
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$758K · 331 accts
2023$374K · 287 accts · $201 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,120
Investment management$457
Total administrative$4,577
The 55 Silver 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$540

55 Silver's 2024 employer contribution ran below the $540 median for plans its size, in the bottom 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.

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.

Administrative cost history2
2024$4,577 · 0.81%
2023$492 · 0.13%
Similar plansHealth Care & Social Assistance · California
Marque Medical, LLC CA$831K · 0.23%
Opya, Inc. CA$808K · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921468814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.