What are the fees in the Long Beach Area Chamber of Commerce 401(k) plan?

For plan year 2022, Long Beach Area Chamber of Commerce reported $20,479 in plan administrative expenses, or 0.95% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Long Beach Area Chamber of Commerce 401(k) match?

In 2022, employer contributions to the Long Beach Area Chamber of Commerce plan averaged $816 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Long Beach Area Chamber of Commerce 401(k)?

The average participant account balance was $20,899 for plan year 2022, based on 116 accounts.

Long Beach Area Chamber of Commerce401(k)

Name: Long Beach Area Chamber of Commerce 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LONG BEACH AREA CHAMBER OF COMMERCE MEMBER RETIREMENT PLAN · LONG BEACH, CA · plan year 2022

Reported admin expense ratio · 2022

0.95%

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

Long Beach Area Chamber of Commerce reported $20,479 in plan administrative expenses for 2022: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $816 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (8,118th of 9,483), and 2,775th of 3,341 in other services. In 2022, employees put in $2.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,424,238
Participants with balances116
Active participants234
Employer contributions$190,975
Employee contributions$521,042
Employer contribution per active participant$816
Average account balance$20,899
Benefits paid to participants$112,682
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON & COMPANY, LLP

Administrative expenses, itemized · 2022

Professional / advisory$20,479

Total administrative$20,479

The Long Beach Area Chamber of Commerce 401(k) match · 2022

Employer contribution per active participant$816

Median for plans this size$1,114

Long Beach Area Chamber of Commerce's 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$20,479 · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 950944550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.