Plan Ledger DOL Form 5500 · updated monthly

Credit Card Services, Inc.401(k)

BANKCARD SERVICE 401(K) PLAN · TORRANCE, CA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Credit Card Services, Inc. reported $32,500 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $2,047 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 0.04% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,858th of 9,483), and 9,624th of 11,654 in professional & technical services. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 110 to 122 since 2022.

Plan summary
Net assets, end of year$5,453,109
Participants with balances104
Active participants122
Employer contributions$249,788
Employee contributions$500,013
Employer contribution per active participant$2,047
Average account balance$52,434
Benefits paid to participants$183,431
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 104 accts · $250K emplr
2023$4.2M · 114 accts · $216K emplr
2022$3.0M · 110 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,500
Total administrative$32,500
The Credit Card Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,047
Median for plans this size$1,313
2024$2,047 per active participant
2023$1,929 per active participant
2022$1,763 per active participant

Credit Card Services, 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 · 20243
THE VANGUARD GROUP INC. · Recordkeeping$13,185
CATALINA CAPITAL GROUP LLC · Investment advisory (plan)$18,801
ALLIED CONSULTANTS, INC.$1,675

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$32,500 · 0.67%
2023$22,135 · 0.62%
2022$1,335 · 0.04%
Similar plansProfessional & Technical Services · California
People Data Labs, Inc. CA$5.5M · 0.12%
Patenaude & Felix, A.P.C. CA$5.5M · 0.11%
Moogsoft, Inc. CA$5.5M · 0.12%
Finix Payments, Inc. CA$5.5M · 0.15%
Secureframe Inc CA$5.4M · 0.14%
Inkling Systems, Inc. CA$5.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954585660 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.