Plan Ledger DOL Form 5500 · updated monthly

Gurnick Academy of Medical Arts LLC401(k)

GURNICK ACADEMY RETIREMENT SAVINGS PLAN · SAN MATEO, CA · plan year 2024

Reported admin expense ratio · 2024
0.46%

Gurnick Academy of Medical Arts LLC reported $21,732 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. 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 rose from 0.35% to 0.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in California (6,929th of 9,483), and 2,495th of 3,091 in educational services. active participation has grown from 481 to 649 since 2022.

Plan summary
Net assets, end of year$5,231,166
Participants with balances170
Active participants649
Employer contributions—
Employee contributions$1,155,805
Employer contribution per active participant—
Average account balance$30,772
Benefits paid to participants$603,882
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 170 accts
2023$4.2M · 142 accts
2022$2.9M · 125 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,732
Total administrative$21,732
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,732

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$21,732 · 0.46%
2023$16,731 · 0.47%
2022$10,274 · 0.35%
Same employer
Similar plansEducational Services · California
Reforge Inc CA$5.3M · 0.03%
The Berkeley School CA$5.3M · 0.27%
The Primary School CA$5.0M · 0.40%
The Primary School Labs CA$5.0M · 0.40%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 823022928 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.