Plan Ledger DOL Form 5500 · updated monthly

Green Leaf Payroll & Business Solutions, Inc.401(k)

GREEN LEAF PAYROLL & BUSINESS SOLUTIONS, INC. MULTIPLE EMPLOYER PLAN NO. 2 · VISTA, CA · plan year 2023

Reported admin expense ratio · 2023
1.98%

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

Green Leaf Payroll & Business Solutions, Inc. reported $65,629 in plan administrative expenses for 2023: 1.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $162 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 1 year on file its reported administrative ratio rose from 0.28% to 1.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,960th of 9,483), and 9,742nd of 11,654 in professional & technical services. In 2023, employees put in $7.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,137,945
Participants with balances779
Active participants1,747
Employer contributions$283,027
Employee contributions$2,003,267
Employer contribution per active participant$162
Average account balance$6,596
Benefits paid to participants$626,147
Plan auditUnmodified (clean) audit opinion
AuditorSMITH & HOWARD, CP
Plan history2
Yearassets · accounts · employer contribution
2023$5.1M · 779 accts · $283K emplr
2022$1.6M · 419 accts · $160K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,704
Investment management$19,711
Trustee / custodial$1,214
Total administrative$65,629
The Green Leaf Payroll & Business Solutions, Inc. 401(k) match · 2023
Employer contribution per active participant$162
Median for plans this size$1,308
2023$162 per active participant
2022$225 per active participant

Green Leaf Payroll & Business Solutions, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$65,629 · 1.98%
2022$2,223 · 0.28%
Similar plansProfessional & Technical Services · California
Dmcg, Inc. CA$5.2M · 0.49%
Tia, Inc. CA$5.2M · 0.07%
Truvian Sciences, Inc. CA$5.1M · 1.05%
Klientboost Performance CA$5.1M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825075921 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.