Plan Ledger DOL Form 5500 · updated monthly

Drum Workshop, Inc.401(k)

DRUM WORKSHOP, INC. 401(K) PROFIT SHARING PLAN · OXNARD, CA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Drum Workshop, Inc. reported $65,078 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,106 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 0.45% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,922nd-largest of 9,483 plans among California employers on file, and the 6,368th of 13,661 in manufacturing. In 2024, employees put in $5.75 for every $1.00 the employer contributed; active participation has shrunk from 206 to 184 since 2022.

Plan summary
Net assets, end of year$17,894,430
Participants with balances248
Active participants184
Employer contributions$203,425
Employee contributions$1,169,609
Employer contribution per active participant$1,106
Average account balance$72,155
Benefits paid to participants$570,469
Plan auditUnmodified (clean) audit opinion
AuditorGALGAS RUSSELL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 248 accts · $203K emplr
2023$15.2M · 249 accts · $197K emplr
2022$11.9M · 231 accts · $185K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,038
Investment management$30,000
Audit (IQPA)$7,040
Total administrative$65,078
The Drum Workshop, Inc. 401(k) match · 2024
Employer contribution per active participant$1,106
Median for plans this size$2,416
2024$1,106 per active participant
2023$971 per active participant
2022$899 per active participant

Drum Workshop, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$28,038
IFP ADVISORS, LLC · Investment advisory (plan)$17,500
CONSOLIDATED PORTFOLIO REVIEW CORP · Investment advisory (plan)$12,500
FIDUCIARY OUTSOURCING, LLC · Named fiduciary$7,040

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$65,078 · 0.39%
2023$56,950 · 0.42%
2022$59,104 · 0.45%
Same employer
Similar plansManufacturing · California
O'Keeffe's, Inc. CA$18.1M · 0.75%
Pankl Holdings, Inc. CA$18.0M · 0.29%
Sientra, Inc CA$18.0M · 0.39%
Leemah Electronics, Inc. CA$17.9M · 0.40%
Think Surgical, Inc. CA$17.8M · 0.17%
Targus International LLC CA$17.6M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953191311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.