Plan Ledger DOL Form 5500 · updated monthly

Beach Front Property Management, Inc.401(k)

BEACH FRONT PROPERTY MANGAMENT 401(K) PLAN · LONG BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
2.56%

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

Beach Front Property Management, Inc. reported $22,363 in plan administrative expenses for 2024: 2.56% of average plan assets, higher than ~75% of peers. 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 2 years on file its reported administrative ratio rose from 1.40% to 2.56%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in California (8,785th of 9,483), and 1,965th of 2,096 in real estate & leasing.

Plan summary
Net assets, end of year$1,087,006
Participants with balances143
Active participants269
Employer contributions$0
Employee contributions$420,337
Employer contribution per active participant$0
Average account balance$7,601
Benefits paid to participants$42,939
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.1M · 143 accts
2022$255K · 81 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,363
Total administrative$22,363
The Beach Front Property Management, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$540

Beach Front Property Management, Inc.'s 2024 employer contribution ran below the $540 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,362
MML INSURANCE AGENCY LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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
2024$22,363 · 2.56%
2022$2,342 · 1.40%
Same employer
Similar plansReal Estate & Leasing · California
Sunrise Respiratory Care CA$1.2M · 1.17%
Statewide Enterprises CA$1.1M · 0.11%
Landwin Management, Inc CA$1.1M · 1.07%
Investment Concepts, Inc. CA$1.1M · 0.44%
Simply Solar CA$936K · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954721219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.