Plan Ledger DOL Form 5500 · updated monthly

Freedom Forever LLC401(k)

FREEDOM FOREVER LLC 401(K) PLAN · TEMECULA, CA · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Freedom Forever LLC reported $75,580 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4 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 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,786th of 9,483), and 3,265th of 5,337 in construction. In 2024, employees put in $167.52 for every $1.00 the employer contributed; active participation has grown from 2,418 to 3,475 since 2022.

Plan summary
Net assets, end of year$8,827,556
Participants with balances730
Active participants3,475
Employer contributions$14,688
Employee contributions$2,460,464
Employer contribution per active participant$4
Average account balance$12,093
Benefits paid to participants$1,003,029
Plan auditUnmodified (clean) audit opinion
AuditorRJI INTERNATIONAL CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 730 accts · $15K emplr
2023$6.3M · 395 accts · $626 emplr
2022$3.7M · 355 accts · $8K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,505
Total administrative$75,580
The Freedom Forever LLC 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$1,313
2024$4 per active participant
2023$0 per active participant
2022$3 per active participant

Freedom Forever LLC's 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK USA · Recordkeeping$4,320

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$75,580 · 1.01%
2023$48,180 · 0.96%
2022$31,297 · 0.97%
Same employer
Similar plansConstruction · California
Homesite Services, Inc. CA$8.9M · 0.77%
Danco Builders CA$8.9M · 0.26%
Dow Hydraulic Systems CA$8.8M · 0.19%
Park Ventures, LLC CA$8.8M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813208857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.