Plan Ledger DOL Form 5500 · updated monthly

Element Materials Technology Holding USA Inc.401(k)

ELEMENT SAVINGS AND INVESTMENT PLAN · HUNTINGTON BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Element Materials Technology Holding USA Inc. reported $652,138 in plan administrative expenses for 2024: 0.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,433 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 0.09% to 0.22%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 369th-largest of 9,483 plans among California employers on file, and the 498th of 11,654 in professional & technical services. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 2,349 to 3,289 since 2022.

Plan summary
Net assets, end of year$341,346,102
Participants with balances4,508
Active participants3,289
Employer contributions$8,000,520
Employee contributions$20,888,480
Employer contribution per active participant$2,433
Average account balance$75,720
Benefits paid to participants$44,661,428
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$341.3M · 4,508 accts · $8.0M emplr
2023$261.4M · 4,023 accts · $6.5M emplr
2022$218.5M · 3,263 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$314,010
Investment management$337,828
Total administrative$652,138
The Element Materials Technology Holding USA Inc. 401(k) match · 2024
Employer contribution per active participant$2,433
Median for plans this size$4,294
2024$2,433 per active participant
2023$2,432 per active participant
2022$1,879 per active participant

Element Materials Technology Holding USA Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$262,852
THE BALDWIN GROUP WEALTH ADVISORS L · Investment advisory (plan)$74,976
QDRO CONSULTANTS CO LLC$300

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$652,138 · 0.22%
2023$307,236 · 0.13%
2022$207,845 · 0.09%
Same employer
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Lyft, Inc. CA$375.3M · 0.12%
Armanino LLP CA$347.4M · 0.11%
Procore Technologies, Inc. CA$345.2M · 0.07%
Zscaler, Inc. CA$340.6M · 0.01%
Andersen Tax LLC CA$336.9M · 0.08%
Hrl Laboratories, LLC CA$334.7M · 0.07%
Coinbase, Inc. CA$328.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262658878 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.