Plan Ledger DOL Form 5500 · updated monthly

Best Choice Products, Inc.401(k)

BEST CHOICE PRODUCTS 401(K) PLAN · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Best Choice Products, Inc. reported $39,702 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $1,378 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 1.22% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (6,781st of 9,483), and 3,571st of 5,215 in retail trade. In 2024, employees put in $3.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,693,864
Participants with balances156
Active participants217
Employer contributions$299,125
Employee contributions$996,023
Employer contribution per active participant$1,378
Average account balance$36,499
Benefits paid to participants$400,748
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 156 accts · $299K emplr
2023$4.2M · 144 accts · $277K emplr
2022$2.6M · 142 accts · $234K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,373
Investment management$19,329
Total administrative$39,702
The Best Choice Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,378
Median for plans this size$1,313
2024$1,378 per active participant
2023$1,272 per active participant
2022$1,070 per active participant

Best Choice Products, Inc.'s 2024 employer contribution ran above the $1,313 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.

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
WORLD INVESTMENT ADVISORS, LLC · Investment advisory (plan)$24,595
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$12,543

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$39,702 · 0.80%
2023$30,492 · 0.90%
2022$31,131 · 1.22%
Same employer
Similar plansRetail Trade · California
Plaza Motors, Inc CA$5.7M · 0.22%
Trimon, Inc. CA$5.7M · 0.70%
Sangera Automotive Group CA$5.6M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470894108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.