Plan Ledger DOL Form 5500 · updated monthly

Hirsch Bedner & Associates401(k)

HIRSCH/BEDNER ASSOCIATES 401(K) PLAN · SANTA MONICA, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Hirsch Bedner & Associates reported $1,265 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,184 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 0.010% to 0.008%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,914th-largest of 9,483 plans among California employers on file, and 5,927th of 11,654 in professional & technical services. In 2024, employees put in $5.17 for every $1.00 the employer contributed; active participation has grown from 75 to 122 since 2022.

Plan summary
Net assets, end of year$17,941,126
Participants with balances204
Active participants122
Employer contributions$144,405
Employee contributions$746,249
Employer contribution per active participant$1,184
Average account balance$87,947
Benefits paid to participants$695,730
Plan auditUnmodified (clean) audit opinion
AuditorCALIFORNIA ACCOUNTANTS GROUP, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 204 accts · $144K emplr
2023$15.0M · 207 accts · $130K emplr
2022$13.5M · 186 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$525
Investment management$740
Total administrative$1,265
The Hirsch Bedner & Associates 401(k) match · 2024
Employer contribution per active participant$1,184
Median for plans this size$2,416
2024$1,184 per active participant
2023$1,270 per active participant
2022$1,273 per active participant

Hirsch Bedner & Associates's 2024 employer contribution ran below the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$525

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$1,265 · 0.01%
2023$1,544 · 0.01%
2022$1,694 · 0.01%
Similar plansProfessional & Technical Services · California
Soundthinking, Inc. CA$18.1M · 0.43%
Duffy Kruspodin, LLP CA$18.1M · 0.04%
4LEAF, Inc. CA$18.0M · 0.85%
Gafcon Pm-Cm LLC CA$17.9M · 0.02%
Duarte Communications, Inc. CA$17.9M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956105057 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.