Plan Ledger DOL Form 5500 · updated monthly

Golden Queen Mining Company, LLC401(k)

GOLDEN QUEEN 401(K) PLAN · MOJAVE, CA · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Golden Queen Mining Company, LLC reported $63,022 in plan administrative expenses for 2024: 0.83% of average plan assets, above the peer median. Employer contributions averaged $2,302 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 0.92% to 0.83%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in California (5,937th of 9,483), and 451st of 612 in mining, oil & gas extraction. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 227 to 283 since 2022.

Plan summary
Net assets, end of year$8,287,028
Participants with balances277
Active participants283
Employer contributions$651,540
Employee contributions$1,095,713
Employer contribution per active participant$2,302
Average account balance$29,917
Benefits paid to participants$1,425,855
Plan auditUnmodified (clean) audit opinion
AuditorRJI INTERNATIONAL CPA
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 277 accts · $652K emplr
2023$6.9M · 256 accts · $613K emplr
2022$5.6M · 275 accts · $664K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,022
Total administrative$63,022
The Golden Queen Mining Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,302
Median for plans this size$1,313
2024$2,302 per active participant
2023$2,490 per active participant
2022$2,925 per active participant

Golden Queen Mining Company, 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$63,022
PRINCIPAL SECURITIES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$63,022 · 0.83%
2023$65,568 · 1.05%
2022$54,508 · 0.92%
Same employer
Similar plansMining, Oil & Gas Extraction · California
Howard Energy Co., Inc. CA$14.1M · 0.01%
Thyssen Mining Inc. CA$13.0M · 0.51%
Vaquero Energy Inc. CA$5.8M · 0.79%
Kenai Drilling Limited CA$4.2M · 0.98%
Robert Heely, Inc. CA$3.7M · 1.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471904841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.