Plan Ledger DOL Form 5500 · updated monthly

Freeman, Freeman & Smiley, LLP401(k)

FREEMAN, FREEMAN & SMILEY, LLP PROFIT SHARING 401(K) PLAN · LOS ANGELES, CA · plan year 2022

Reported admin expense ratio · 2022
0.31%

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

Freeman, Freeman & Smiley, LLP reported $167,026 in plan administrative expenses for 2022: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,713 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 has held roughly steady near 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,772nd-largest of 9,483 plans among California employers on file, and the 2,780th of 11,654 in professional & technical services. In 2022, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$49,538,998
Participants with balances117
Active participants89
Employer contributions$864,423
Employee contributions$1,076,562
Employer contribution per active participant$9,713
Average account balance$423,410
Benefits paid to participants$1,991,717
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$12.0M · 34 accts · $526K emplr
2022$49.5M · 117 accts · $864K emplr
Administrative expenses, itemized · 2022
Investment management$102,989
Total administrative$167,026
The Freeman, Freeman & Smiley, LLP 401(k) match · 2022
Employer contribution per active participant$9,713
Median for plans this size$3,449
2023$526,497 per active participant
2022$9,713 per active participant

Freeman, Freeman & Smiley, LLP's 2022 employer contribution ran above the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$99,381 · 0.32%
2022$167,026 · 0.31%
Similar plansProfessional & Technical Services · California
SYSTEM1 LLC CA$50.3M · 0.13%
E-Times Corporation CA$49.7M · 0.24%
Aevex Aerospace, LLC CA$49.7M · 0.26%
Datastax, Inc. CA$49.1M · 0.12%
Harris & Associates CA$49.0M · 0.03%
Openx Technologies, Inc. CA$48.6M · 0.07%
Arlo Technologies, Inc. CA$48.4M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953743257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.