Plan Ledger DOL Form 5500 · updated monthly

Ares Management LLC401(k)

ARES RETIREMENT SAVINGS PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Ares Management LLC reported $82,687 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,915 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 fell from 0.07% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 256th-largest of 9,483 plans among California employers on file, and the 296th of 4,798 in finance & insurance. In 2024, employees put in $2.58 for every $1.00 the employer contributed; active participation has grown from 1,728 to 2,003 since 2022.

Plan summary
Net assets, end of year$518,552,184
Participants with balances2,427
Active participants2,003
Employer contributions$15,854,273
Employee contributions$40,922,093
Employer contribution per active participant$7,915
Average account balance$213,660
Benefits paid to participants$33,101,838
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$518.6M · 2,427 accts · $15.9M emplr
2023$399.3M · 2,226 accts · $14.5M emplr
2022$287.4M · 2,030 accts · $13.7M emplr
Administrative expenses, itemized · 2024
Investment management$158,641
Audit (IQPA)$21,630
Total administrative$82,687
The Ares Management LLC 401(k) match · 2024
Employer contribution per active participant$7,915
Median for plans this size$4,294
2024$7,915 per active participant
2023$7,897 per active participant
2022$7,933 per active participant

Ares Management LLC's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 · 20244
MORGAN STANLEY · Investment advisory (plan)$112,286
MORGAN STANLEY GLOBAL BANKING OPER · Investment advisory (plan)$46,355
VASQUEZ & COMPANY LLP · Accounting / audit$21,630
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$82,687 · 0.02%
2023$171,945 · 0.05%
2022$211,022 · 0.07%
Same employer
Similar plansFinance & Insurance · California
East West Bank CA$729.2M · 0.03%
Cetera Financial Group, Inc. CA$471.3M · 0.16%
Guild Mortgage Company LLC CA$456.4M · 0.19%
Oaktree Capital Management CA$404.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272078839 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.