Plan Ledger DOL Form 5500 · updated monthly

Beach Point Capital Management LP401(k)

BEACH POINT CAPITAL 401(K) PLAN · SANTA MONICA, CA · plan year 2024

Employer contribution per participant · 2024
$5,707

Beach Point Capital Management LP's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $60,064,524 across 189 participant accounts, with employer contributions averaging $5,707 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.001% to 0.003%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,526th-largest of 9,483 plans among California employers on file, and the 1,458th of 4,798 in finance & insurance. In 2024, employees put in $4.22 for every $1.00 the employer contributed; active participation has grown from 137 to 162 since 2022.

Plan summary
Net assets, end of year$60,064,524
Participants with balances189
Active participants162
Employer contributions$924,550
Employee contributions$3,899,176
Employer contribution per active participant$5,707
Average account balance$317,802
Benefits paid to participants$3,192,031
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.1M · 189 accts · $925K emplr
2023$48.6M · 181 accts · $909K emplr
2022$39.3M · 169 accts · $726K emplr
The Beach Point Capital Management LP 401(k) match · 2024
Employer contribution per active participant$5,707
Median for plans this size$3,635
2024$5,707 per active participant
2023$6,062 per active participant
2022$5,300 per active participant

Beach Point Capital Management LP's 2024 employer contribution ran above the $3,635 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.

Service providers · 20241
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
2024Not separately reported
2023$1,388 · 0.00%
2022$381 · 0.00%
Same employer
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Bank of Stockton CA$61.4M · 0.10%
Prosper Marketplace, Inc. CA$61.2M · 0.17%
Trico Bancshares CA$59.2M · 0.00%
Squaretrade, Inc. CA$59.2M · 0.09%
Preferred Bank CA$58.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800242162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.