Plan Ledger DOL Form 5500 · updated monthly

Lifelong Learning Administration Corporation403(b)

LIFELONG LEARNING ADMINISTRATION CORPORATION 403(B) PLAN · LANCASTER, CA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Lifelong Learning Administration Corporation reported $226,463 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,134 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 0.83% to 0.67%. 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 2,257th-largest of 9,483 plans among California employers on file, and the 1,115th of 3,091 in educational services. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 339 to 386 since 2022.

Plan summary
Net assets, end of year$37,455,434
Participants with balances379
Active participants386
Employer contributions$1,981,841
Employee contributions$2,494,793
Employer contribution per active participant$5,134
Average account balance$98,827
Benefits paid to participants$2,245,268
Plan auditUnmodified (clean) audit opinion
AuditorJOHANSON & YAU ACCOUNTANCY CORP.
Plan history3
Yearassets · accounts · employer contribution
2024$37.5M · 379 accts · $2.0M emplr
2023$30.1M · 364 accts · $1.8M emplr
2022$21.8M · 341 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,076
Investment management$57,337
Total administrative$226,463
Employer contributions to the Lifelong Learning Administration Corporation plan · 2024
Employer contribution per active participant$5,134
Median for plans this size$2,416
2024$5,134 per active participant
2023$4,894 per active participant
2022$4,948 per active participant

Lifelong Learning Administration Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
PENSIONMARK FINANCIAL GROUP$32,889
PENSIONMARK FINANCIAL GROUP$16,500
STEPHEN B. MARVIN AGENCY INC.$7,949

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$226,463 · 0.67%
2023$232,224 · 0.89%
2022$180,591 · 0.83%
Same employer
Similar plansEducational Services · California
The Branson School CA$40.7M · 0.16%
Bentley School, Inc. CA$39.1M · 0.00%
Woodbury University CA$37.5M · 0.08%
The Archer School for Girls CA$37.3M · 0.21%
The Hamlin School CA$37.3M · 0.15%
Kipp Foundation CA$37.0M · 0.09%
The Webb Schools CA$36.5M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475307489 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.