Plan Ledger DOL Form 5500 · updated monthly

Desert Sands Public Charter, Inc.403(b)

LEARN4LIFE 403(B) PLAN · LANCASTER, CA · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Desert Sands Public Charter, Inc. reported $1,085,580 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,087 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 3 years on file its reported administrative ratio has held roughly steady near 0.78%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 686th-largest of 9,483 plans among California employers on file, and the 354th of 3,091 in educational services. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$153,031,511
Participants with balances2,341
Active participants2,081
Employer contributions$8,504,931
Employee contributions$10,419,857
Employer contribution per active participant$4,087
Average account balance$65,370
Benefits paid to participants$6,625,303
Plan auditUnmodified (clean) audit opinion
AuditorJOHANSON & YAU ACCOUNTANCY CORP
Plan history3
Yearassets · accounts · employer contribution
2024$153.0M · 2,341 accts · $8.5M emplr
2023$123.8M · 2,248 accts · $7.9M emplr
2022$94.7M · 2,110 accts · $7.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$687,666
Investment management$370,634
Audit (IQPA)$26,750
Total administrative$1,085,580
Employer contributions to the Desert Sands Public Charter, Inc. plan · 2024
Employer contribution per active participant$4,087
Median for plans this size$3,635
2024$4,087 per active participant
2023$3,879 per active participant
2022$3,765 per active participant

Desert Sands Public Charter, Inc.'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.

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 · 20247
PENSIONMARK FINANCIAL GROUP$252,350
STEPHEN B. MARVIN AGENCY INC.$61,772
PENSIONMARK FINANCIAL GROUP$56,512
JOHANSON AND YAU ACCOUNTANCY COR$26,750
FEDERATED INVESTORS · Investment managementindirect comp
JPMORGAN ASSET MANAGEMENT · Investment managementindirect 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$1,085,580 · 0.78%
2023$933,924 · 0.85%
2022$752,296 · 0.77%
Similar plansEducational Services · California
Pitzer College CA$151.5M · 0.02%
Whittier College CA$145.2M · 0.10%
Ixl Learning, Inc. CA$142.1M · 0.09%
Scripps College CA$139.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481272886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.