Plan Ledger DOL Form 5500 · updated monthly

Kipp Socal Public Schools401(k)

KIPP SOCAL PUBLIC SCHOOLS 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Kipp Socal Public Schools reported $152,780 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,459 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 3 years on file its reported administrative ratio has held roughly steady near 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,877th-largest of 9,483 plans among California employers on file, and the 970th of 3,091 in educational services. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 1,354 to 1,507 since 2022.

Plan summary
Net assets, end of year$46,575,558
Participants with balances875
Active participants1,507
Employer contributions$2,199,063
Employee contributions$3,713,816
Employer contribution per active participant$1,459
Average account balance$53,229
Benefits paid to participants$1,468,485
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.6M · 875 accts · $2.2M emplr
2023$36.6M · 803 accts · $1.5M emplr
2022$29.0M · 740 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$152,780
Total administrative$152,780
The Kipp Socal Public Schools 401(k) match · 2024
Employer contribution per active participant$1,459
Median for plans this size$2,416
2024$1,459 per active participant
2023$1,023 per active participant
2022$1,358 per active participant

Kipp Socal Public Schools's 2024 employer contribution ran below the $2,416 median for plans its size. 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
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping · Loan processing$152,780

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$152,780 · 0.37%
2023$121,580 · 0.37%
2022$93,804 · 0.36%
Same employer
Similar plansEducational Services · California
Lick-Wilmerding High School CA$48.8M · 0.12%
Age of Learning, Inc. CA$47.8M · 0.18%
The Athenian School CA$46.5M · 0.11%
Wildwood School CA$46.4M · 0.09%
Learneo, Inc. CA$45.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261607268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.