Plan Ledger DOL Form 5500 · updated monthly

Genesee Scientific, LLC401(k)

GENESEE SCIENTIFIC 401(K) PLAN · EL CAJON, CA · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

Genesee Scientific, LLC reported $52,040 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,045 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,501st of 9,483), and 9,220th of 11,654 in professional & technical services. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,469,856
Participants with balances119
Active participants114
Employer contributions$347,094
Employee contributions$809,622
Employer contribution per active participant$3,045
Average account balance$54,369
Benefits paid to participants$529,424
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,040
Total administrative$52,040
The Genesee Scientific, LLC 401(k) match · 2024
Employer contribution per active participant$3,045
Median for plans this size$1,313

Genesee Scientific, LLC's 2024 employer contribution ran above the $1,313 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 · 20242
CREATIVE PLANNING, LLC · Investment advisory (participants) · Consulting$5,000
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$3,229

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

Administrative cost history1
2024$52,040 · 0.95%
Similar plansProfessional & Technical Services · California
Matonee Inc CA$6.6M · 0.18%
Embark Trucks, Inc. CA$6.6M · 0.11%
Buddha Jones, LLC CA$6.5M · 0.69%
Gar Laboratories, Inc. CA$6.5M · 0.43%
174 Power Global CA$6.5M · 0.02%
Career Group, Inc. CA$6.5M · 0.40%
Pliancy, Inc CA$6.5M · 0.10%
Ccs Design, Inc. CA$6.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330834024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.