Plan Ledger DOL Form 5500 · updated monthly

Applied Minds, LLC401(k)

APPLIED MINDS, LLC 401(K) PLAN · BURBANK, CA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Applied Minds, LLC reported $28,392 in plan administrative expenses for 2024: 0.20% 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 3 years on file its reported administrative ratio has held roughly steady near 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 4,327th-largest of 9,483 plans among California employers on file, and 6,469th of 11,654 in professional & technical services. active participation has shrunk from 62 to 50 since 2022.

Plan summary
Net assets, end of year$15,444,103
Participants with balances85
Active participants50
Employer contributions$0
Employee contributions$784,040
Employer contribution per active participant$0
Average account balance$181,695
Benefits paid to participants$716,911
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 85 accts
2023$13.3M · 89 accts
2022$11.1M · 97 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,360
Investment management$10,032
Total administrative$28,392
The Applied Minds, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Applied Minds, LLC's 2024 employer contribution ran below the $2,416 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.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,360
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$6,000

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$28,392 · 0.20%
2023$26,162 · 0.21%
2022$25,822 · 0.21%
Similar plansProfessional & Technical Services · California
Hunt & Henriques,Llp CA$15.6M · 0.59%
The Third Floor, Inc. CA$15.5M · 0.70%
Ambrx, Inc. CA$15.5M · 0.33%
Health Advocates, LLC CA$15.4M · 0.25%
Lance, Soll & Lunghard, LLP CA$15.3M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 134101160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.