Plan Ledger DOL Form 5500 · updated monthly

Friedman's Home Improvement401(k)

FRIEDMAN'S HOME IMPROVEMENT 401(K) PROFIT SHARING PLAN · PETALUMA, CA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Friedman's Home Improvement reported $99,643 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,821 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 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,920th-largest of 9,483 plans among California employers on file, and the 1,136th of 5,215 in retail trade. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has shrunk from 422 to 376 since 2022.

Plan summary
Net assets, end of year$26,815,247
Participants with balances359
Active participants376
Employer contributions$684,680
Employee contributions$1,279,161
Employer contribution per active participant$1,821
Average account balance$74,694
Benefits paid to participants$2,623,704
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 359 accts · $685K emplr
2023$25.0M · 380 accts · $696K emplr
2022$22.0M · 384 accts · $704K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,643
Total administrative$99,643
The Friedman's Home Improvement 401(k) match · 2024
Employer contribution per active participant$1,821
Median for plans this size$2,416
2024$1,821 per active participant
2023$1,783 per active participant
2022$1,668 per active participant

Friedman's Home Improvement's 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$99,643

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$99,643 · 0.38%
2023$88,634 · 0.38%
2022$88,941 · 0.37%
Same employer
Similar plansRetail Trade · California
Florexpo, LLC. CA$27.8M · 0.38%
Sitn Sleep, Inc. CA$27.4M · 0.37%
Sports Warehouse, Inc. CA$26.8M · 0.78%
Rp Automotive, Inc. CA$26.7M · 0.49%
Carparts.com, Inc. CA$26.6M · 0.53%
Minted, LLC CA$26.3M · 0.10%
Hoehn Motors, Inc. CA$26.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941552238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.