Plan Ledger DOL Form 5500 · updated monthly

Fernandez Holdings, Inc.401(k)

FERNANDEZ HOLDINGS, INC. 401(K) PLAN · PACIFIC PALISADES, CA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Fernandez Holdings, Inc. reported $593,118 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,585 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 0.53%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 861st-largest of 9,483 plans among California employers on file, and the 187th of 786 in management of companies. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has grown from 2,033 to 3,228 since 2022.

Plan summary
Net assets, end of year$121,380,165
Participants with balances2,064
Active participants3,228
Employer contributions$5,114,907
Employee contributions$12,235,089
Employer contribution per active participant$1,585
Average account balance$58,808
Benefits paid to participants$14,497,892
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$121.4M · 2,064 accts · $5.1M emplr
2023$103.8M · 1,938 accts · $4.6M emplr
2022$75.4M · 1,739 accts · $3.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$192,099
Audit (IQPA)$14,553
Total administrative$593,118
The Fernandez Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,585
Median for plans this size$3,635
2024$1,585 per active participant
2023$1,622 per active participant
2022$1,760 per active participant

Fernandez Holdings, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
MORGANSTANLEYSMITHBARNEYLLC · Investment advisory (participants)$386,466
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$192,099
CLIFTONLARSONALLEN LLP · Accounting / audit$14,553

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$593,118 · 0.53%
2023$457,131 · 0.51%
2022$410,117 · 0.54%
Same employer
Similar plansManagement of Companies · California
Kyocera International, Inc. CA$273.9M · 0.03%
Hoya Holdings, Inc. CA$173.4M · 0.29%
Meruelo Group LLC CA$124.5M · 0.19%
Nantworks, LLC CA$122.0M · 0.08%
Data Analysis, Inc. CA$102.3M · 0.06%
Wendy Mulhall CA$100.6M · 0.14%
Meruelo Enterprises, Inc. CA$87.9M · 0.46%
Tcmi, Inc. CA$53.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275560752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.