Plan Ledger DOL Form 5500 · updated monthly

First Place for Youth401(k)

FIRST PLACE FOR YOUTH 401(K) PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

First Place for Youth reported $24,131 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $2,134 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 0.02% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (6,873rd of 9,483), and 7,682nd of 11,911 in health care & social assistance. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 121 to 138 since 2022.

Plan summary
Net assets, end of year$5,404,938
Participants with balances190
Active participants138
Employer contributions$294,459
Employee contributions$780,042
Employer contribution per active participant$2,134
Average account balance$28,447
Benefits paid to participants$598,526
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 190 accts · $294K emplr
2023$4.1M · 171 accts · $266K emplr
2022$3.1M · 153 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,195
Investment management$936
Total administrative$24,131
The First Place for Youth 401(k) match · 2024
Employer contribution per active participant$2,134
Median for plans this size$1,313
2024$2,134 per active participant
2023$2,002 per active participant
2022$2,094 per active participant

First Place for Youth's 2024 employer contribution ran above the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$23,195

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$24,131 · 0.51%
2023$12,811 · 0.36%
2022$534 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · California
Jamboor Medical Corp CA$5.4M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943341034 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.