Plan Ledger DOL Form 5500 · updated monthly

Anchor General Insurance Agency, Inc.401(k)

ANCHOR GENERAL INSURANCE GROUP 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Anchor General Insurance Agency, Inc. reported $5,984 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,717 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 0.02% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3,016th-largest of 9,483 plans among California employers on file, and 2,645th of 4,798 in finance & insurance. In 2024, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,838,701
Participants with balances255
Active participants206
Employer contributions$353,649
Employee contributions$1,154,248
Employer contribution per active participant$1,717
Average account balance$101,328
Benefits paid to participants$790,198
Plan auditUnmodified (clean) audit opinion
AuditorEGAN & EGAN CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$25.8M · 255 accts · $354K emplr
2023$22.0M · 228 accts · $312K emplr
2022$18.3M · 221 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,031
Investment management$1,953
Total administrative$5,984
The Anchor General Insurance Agency, Inc. 401(k) match · 2024
Employer contribution per active participant$1,717
Median for plans this size$2,416
2024$1,717 per active participant
2023$1,593 per active participant
2022$1,599 per active participant

Anchor General Insurance Agency, Inc.'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,031

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$5,984 · 0.03%
2023$4,000 · 0.02%
2022$3,619 · 0.02%
Same employer
Similar plansFinance & Insurance · California
Coasthills Credit Union CA$26.2M · 0.14%
Southland Credit Union CA$25.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330677931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.