Plan Ledger DOL Form 5500 · updated monthly

Fairsquare, Inc.401(k)

NATIONAL FUNDING, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Fairsquare, Inc. reported $98,607 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,697 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 3,713th-largest of 9,483 plans among California employers on file, and the 689th of 2,096 in real estate & leasing. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,376,512
Participants with balances363
Active participants273
Employer contributions$1,009,255
Employee contributions$2,669,206
Employer contribution per active participant$3,697
Average account balance$53,379
Benefits paid to participants$1,136,048
Plan auditUnmodified (clean) audit opinion
AuditorGATTO, POPE AND WALWICK, LLP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,390
Trustee / custodial$5,217
Total administrative$98,607
The Fairsquare, Inc. 401(k) match · 2024
Employer contribution per active participant$3,697
Median for plans this size$2,416

Fairsquare, Inc.'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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$57,285
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$41,322
SAN DIEGO PENSION CONSULTANTS · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANATMENT · Investment advisory (participants)indirect comp

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

Administrative cost history1
2024$98,607 · 0.59%
Same employer
Similar plansReal Estate & Leasing · California
Meyer Properties CA$19.7M · 0.07%
Sunset Development Company CA$19.5M · 0.57%
Cai International, Inc. CA$18.2M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 365103644 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.