Plan Ledger DOL Form 5500 · updated monthly

Asher College401(k)

ASHER COLLEGE 401(K) PLAN & TRUST · SACRAMENTO, CA · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Asher College reported $4,830 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $547 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 0.03% to 0.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in California (7,571st of 9,483), and 2,658th of 3,091 in educational services. In 2023, employees put in $7.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,590,300
Participants with balances89
Active participants71
Employer contributions$38,854
Employee contributions$282,536
Employer contribution per active participant$547
Average account balance$40,340
Benefits paid to participants$201,291
Plan auditUnmodified (clean) audit opinion
AuditorWEOWRSKI & ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2023$3.6M · 89 accts · $39K emplr
2022$3.1M · 128 accts · $38K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,830
Total administrative$4,830
The Asher College 401(k) match · 2023
Employer contribution per active participant$547
Median for plans this size$1,308
2023$547 per active participant
2022$591 per active participant

Asher College's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP, INC. · Loan processing · Recordkeeping$4,830
ADP BROKER-DEALER · Other servicesindirect comp

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

Administrative cost history2
2023$4,830 · 0.15%
2022$1,023 · 0.03%
Similar plansEducational Services · California
Excelsior Charter Group CA$3.8M · 0.13%
Bloomtech CA$3.7M · 0.20%
Galileo Learning, LLC CA$3.4M · 0.48%
Magoosh CA$3.4M · 0.14%
Booknook, Inc. CA$3.3M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943313694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.