Plan Ledger DOL Form 5500 · updated monthly

Longwood Management Corporation401(k)

LONGWOOD MANAGEMENT CORPORATION 401(K) SAVINGS PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Longwood Management Corporation reported $268,600 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $234 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 0.35% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,035th-largest of 9,483 plans among California employers on file, and the 1,129th of 11,911 in health care & social assistance. In 2024, employees put in $5.30 for every $1.00 the employer contributed; active participation has grown from 5,665 to 7,155 since 2022.

Plan summary
Net assets, end of year$96,773,946
Participants with balances2,321
Active participants7,155
Employer contributions$1,677,436
Employee contributions$8,890,606
Employer contribution per active participant$234
Average account balance$41,695
Benefits paid to participants$11,288,248
Plan auditUnmodified (clean) audit opinion
AuditorHANSEN HUNTER & CO. P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$96.8M · 2,321 accts · $1.7M emplr
2023$87.6M · 2,176 accts · $1.5M emplr
2022$74.9M · 2,155 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$203,600
Investment management$65,000
Total administrative$268,600
The Longwood Management Corporation 401(k) match · 2024
Employer contribution per active participant$234
Median for plans this size$3,635
2024$234 per active participant
2023$244 per active participant
2022$325 per active participant

Longwood Management Corporation's 2024 employer contribution ran below the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$203,600
FIDUCIARY EXPERTS LLC · Investment advisory (plan)$65,000

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$268,600 · 0.29%
2023$247,876 · 0.31%
2022$269,442 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · California
Tides Center CA$95.6M · 0.15%
Barton Healthcare System CA$92.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953016679 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.