Plan Ledger DOL Form 5500 · updated monthly

Galaxy Theatres, LLC401(k)

GALAXY THEATRES LLC 401(K) PROFIT SHARING PLAN · SHERMAN OAKS, CA · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Galaxy Theatres, LLC reported $28,901 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10 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 1.15% to 1.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in California (7,871st of 9,483), and 1,072nd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $128.54 for every $1.00 the employer contributed; active participation has grown from 233 to 296 since 2022.

Plan summary
Net assets, end of year$2,961,370
Participants with balances244
Active participants296
Employer contributions$2,908
Employee contributions$373,801
Employer contribution per active participant$10
Average account balance$12,137
Benefits paid to participants$137,619
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 244 accts · $3K emplr
2023$2.4M · 226 accts
2022$2.0M · 212 accts · $7K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,301
Investment management$27,600
Total administrative$28,901
The Galaxy Theatres, LLC 401(k) match · 2024
Employer contribution per active participant$10
Median for plans this size$1,313
2024$10 per active participant
2022$30 per active participant

Galaxy Theatres, 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment managementindirect 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
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$28,901 · 1.07%
2023$32,130 · 1.45%
2022$24,329 · 1.15%
Same employer
Similar plansArts, Entertainment & Recreation · California
O.A.R.S. Companies, Inc. CA$3.4M · 1.16%
The Living Desert CA$3.3M · 0.60%
K&M Casinos Inc CA$2.9M · 1.71%
Delta C, LP CA$2.8M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954680444 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.