Plan Ledger DOL Form 5500 · updated monthly

Laritech, Inc.401(k)

RETIREMENT INCOME SECURITY PLAN-LARITECH, INC. · MOORPARK, CA · plan year 2024

Reported admin expense ratio · 2024
1.32%

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

Laritech, Inc. reported $72,236 in plan administrative expenses for 2024: 1.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,476 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 rose from 1.21% to 1.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,616th of 9,483), and 9,338th of 11,654 in professional & technical services. In 2024, employees put in $3.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,145,711
Participants with balances115
Active participants128
Employer contributions$188,892
Employee contributions$577,065
Employer contribution per active participant$1,476
Average account balance$53,441
Benefits paid to participants$140,094
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 115 accts · $189K emplr
2023$4.8M · 126 accts · $103K emplr
2022$3.6M · 110 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,621
Investment management$53,915
Trustee / custodial$1,700
Total administrative$72,236
The Laritech, Inc. 401(k) match · 2024
Employer contribution per active participant$1,476
Median for plans this size$1,313
2024$1,476 per active participant
2023$775 per active participant

Laritech, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
INTEGRITY FINANCIAL · Investment advisory (participants) · Investment advisory (plan)$53,915
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$13,479
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$1,700

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$72,236 · 1.32%
2023$48,994 · 1.17%
2022$46,509 · 1.21%
Similar plansProfessional & Technical Services · California
Irritec USA, Inc. CA$6.2M · 1.08%
Nagarro, Inc. CA$6.2M · 0.14%
Tigergraph, Inc. CA$6.2M · 0.20%
Halio, Inc. CA$6.2M · 0.02%
Clara Foods Co. CA$6.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954861882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.