Plan Ledger DOL Form 5500 · updated monthly

Bi-Rite Management Services, LLC401(k)

BI-RITE MANAGEMENT SERVICES, LLC RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Bi-Rite Management Services, LLC reported $86,367 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,677 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 0.56% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 4,273rd-largest of 9,483 plans among California employers on file, and the 1,836th of 5,215 in retail trade. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,742,050
Participants with balances265
Active participants215
Employer contributions$360,598
Employee contributions$733,315
Employer contribution per active participant$1,677
Average account balance$59,404
Benefits paid to participants$806,431
Plan auditUnmodified (clean) audit opinion
AuditorJOHANSON & YAU ACCOUNTANCY CORP
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 265 accts · $361K emplr
2023$13.1M · 254 accts · $589K emplr
2022$11.3M · 267 accts · $575K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,367
Total administrative$86,367
The Bi-Rite Management Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,677
Median for plans this size$2,416
2024$1,677 per active participant
2023$3,006 per active participant
2022$2,890 per active participant

Bi-Rite Management Services, LLC's 2024 employer contribution ran below the $2,416 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 · 20241
JOHN HANCOCK USA · Recordkeeping · Investment management$3,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,367 · 0.60%
2023$78,434 · 0.64%
2022$68,545 · 0.56%
Same employer
Similar plansRetail Trade · California
Tap Plastics, Inc. CA$16.2M · 0.17%
Babylist, Inc. CA$16.2M · 0.77%
Bob Baker Enterprises, Inc. CA$16.1M · 0.58%
Tower Energy Group CA$15.8M · 0.26%
Moss Motors, LTD CA$15.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823361014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.