Plan Ledger DOL Form 5500 · updated monthly

Fit Electronics, Inc.401(k)

FIT ELECTRONICS, INC. 401(K) PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Fit Electronics, Inc. reported $67,164 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $7,562 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 0.17% to 0.16%. 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 1,920th-largest of 9,483 plans among California employers on file, and the 3,384th of 13,661 in manufacturing. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,125,675
Participants with balances204
Active participants121
Employer contributions$915,025
Employee contributions$1,954,246
Employer contribution per active participant$7,562
Average account balance$221,204
Benefits paid to participants$4,160,531
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.1M · 204 accts · $915K emplr
2023$40.7M · 204 accts · $832K emplr
2022$35.8M · 205 accts · $763K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,849
Investment management$31,315
Total administrative$67,164
The Fit Electronics, Inc. 401(k) match · 2024
Employer contribution per active participant$7,562
Median for plans this size$2,416
2024$7,562 per active participant
2023$7,238 per active participant
2022$6,809 per active participant

Fit Electronics, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
INDEPENDENT FINANCIAL GROUP, LLC · Recordkeeping · Pension consulting$23,029
ADP, INC. · Loan processing · Recordkeeping$15,427
CETERA INVESTMENT ADVISERS LLC · Recordkeeping · Pension consulting$12,164
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, CETERA INVESTMENT ADVISERS LLC, INDEPENDENT FINANCIAL GROUP, LLC
2023ADP, INDEPENDENT FINANCIAL GROUP, LLC

This plan has changed recordkeepers within these filings. If you left Fit Electronics, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,164 · 0.16%
2023$50,235 · 0.13%
2022$65,047 · 0.17%
Same employer
Similar plansManufacturing · California
Ooma, Inc. CA$46.0M · 0.28%
Exemplis LLC CA$45.6M · 0.06%
Sciton Inc. CA$44.8M · 0.18%
Ips Corporation CA$44.8M · 0.43%
Presidio Components, Inc. CA$44.8M · 0.04%
Intevac, Inc. CA$44.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464369207 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.