Plan Ledger DOL Form 5500 · updated monthly

Boardwalk Ig Management, LLC401(k)

BOARDWALK IG 401(K) PLAN · COSTA MESA, CA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Boardwalk Ig Management, LLC reported $56,355 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,762 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 0.16% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4,358th-largest of 9,483 plans among California employers on file, and 3,483rd of 4,798 in finance & insurance. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has shrunk from 91 to 67 since 2022.

Plan summary
Net assets, end of year$15,223,084
Participants with balances237
Active participants67
Employer contributions$185,077
Employee contributions$432,700
Employer contribution per active participant$2,762
Average account balance$64,232
Benefits paid to participants$2,423,393
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 237 accts · $185K emplr
2023$15.2M · 267 accts · $202K emplr
2022$13.5M · 299 accts · $184K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,355
Total administrative$56,355
The Boardwalk Ig Management, LLC 401(k) match · 2024
Employer contribution per active participant$2,762
Median for plans this size$2,416
2024$2,762 per active participant
2023$2,621 per active participant
2022$2,024 per active participant

Boardwalk Ig Management, LLC's 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$56,355
SAGEVIEW ADVISORY CONSULTING GROUP · Investment advisory (plan)indirect comp
PENSION BENEFITS UNLIMITED INC · 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 history3
2024$56,355 · 0.37%
2023$52,342 · 0.37%
2022$43,161 · 0.16%
Similar plansFinance & Insurance · California
Paynearme, Inc. CA$16.1M · 0.47%
Yapstone Holdings, Inc. CA$15.5M · 0.12%
Ladder Financial Inc. CA$15.5M · 0.03%
Mypoint Credit Union CA$14.9M · 0.48%
Community West Bancshares CA$14.7M · 0.51%
Global Benefits Group Inc. CA$14.3M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 810819781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.