Plan Ledger DOL Form 5500 · updated monthly

Latara Enterprise, Inc. dba Foundation Laboratory401(k)

FOUNDATION LABORATORY 401(K) PROFIT SHARING PLAN · POMONA, CA · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

Latara Enterprise, Inc. dba Foundation Laboratory reported $79,000 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $53 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 0.42% to 1.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (6,351st of 9,483), and 6,890th of 11,911 in health care & social assistance. In 2024, employees put in $35.84 for every $1.00 the employer contributed; active participation has grown from 179 to 205 since 2022.

Plan summary
Net assets, end of year$6,955,148
Participants with balances188
Active participants205
Employer contributions$10,804
Employee contributions$387,213
Employer contribution per active participant$53
Average account balance$36,995
Benefits paid to participants$675,635
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 188 accts · $11K emplr
2023$6.5M · 431 accts · $324K emplr
2022$5.1M · 407 accts · $433K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,000
Audit (IQPA)$9,000
Total administrative$79,000
The Latara Enterprise, Inc. dba Foundation Laboratory 401(k) match · 2024
Employer contribution per active participant$53
Median for plans this size$1,313
2024$53 per active participant
2023$1,740 per active participant
2022$2,420 per active participant

Latara Enterprise, Inc. dba Foundation Laboratory's 2024 employer contribution ran below the $1,313 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 · 20244
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$38,389
ELITE RETIREMENT ADMINISTRATION · Recordkeeping · Loan processing$27,961
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$3,650
LEE CPA AUDIT GROUP · Accounting / audit$9,000

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

Recordkeeper by year2
2024Ascensus, ELITE RETIREMENT ADMINISTRATION, Transamerica
2023Ascensus, Transamerica

This plan has changed recordkeepers within these filings. If you left Latara Enterprise, Inc. dba Foundation Laboratory before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$79,000 · 1.18%
2023$24,483 · 0.42%
2022$21,966 · 0.42%
Similar plansHealth Care & Social Assistance · California
Cap Diagnostics LLC CA$7.0M · 0.44%
Amen Clinics, Inc. CA$7.0M · 0.04%
Channing House CA$7.0M · 0.90%
Predicine, Inc. CA$6.9M · 0.36%
Mfi Recovery Center CA$6.9M · 0.07%
O'Connor Woods CA$6.9M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954467199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.