Plan Ledger DOL Form 5500 · updated monthly

Abilitypath401(k)

ABILITYPATH 401(K) PLAN · REDWOOD CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Abilitypath reported $8,839 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,798 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 0.05% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (4,949th of 9,483), and the 1,472nd of 3,341 in other services. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has shrunk from 294 to 224 since 2022.

Plan summary
Net assets, end of year$12,117,517
Participants with balances244
Active participants224
Employer contributions$402,676
Employee contributions$741,798
Employer contribution per active participant$1,798
Average account balance$49,662
Benefits paid to participants$1,598,700
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 244 accts · $403K emplr
2023$10.8M · 232 accts · $332K emplr
2022$8.3M · 217 accts · $281K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,839
Total administrative$8,839
The Abilitypath 401(k) match · 2024
Employer contribution per active participant$1,798
Median for plans this size$2,416
2024$1,798 per active participant
2023$1,580 per active participant
2022$955 per active participant

Abilitypath'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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$82,856

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$8,839 · 0.08%
2023$7,200 · 0.08%
2022$4,587 · 0.05%
Same employer
Similar plansOther Services · California
McKinley Children's Center CA$12.5M · 0.69%
Coit Services, Inc. CA$12.5M · 0.70%
Civicactions, Inc. CA$12.3M · 0.06%
Progress Foundation CA$11.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941156502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.