Plan Ledger DOL Form 5500 · updated monthly

Los Angeles Tourism & Convention Board401(k)

LOS ANGELES TOURISM & CONVENTION BOARD 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Los Angeles Tourism & Convention Board reported $32,045 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $6,965 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 3 years on file its reported administrative ratio has held roughly steady near 0.191%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 3,845th-largest of 9,483 plans among California employers on file, and the 657th of 2,534 in administrative & support services. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 66 to 97 since 2022.

Plan summary
Net assets, end of year$18,412,329
Participants with balances129
Active participants97
Employer contributions$675,622
Employee contributions$1,031,579
Employer contribution per active participant$6,965
Average account balance$142,731
Benefits paid to participants$358,543
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 129 accts · $676K emplr
2023$15.1M · 110 accts · $548K emplr
2022$12.8M · 101 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,045
Total administrative$32,045
The Los Angeles Tourism & Convention Board 401(k) match · 2024
Employer contribution per active participant$6,965
Median for plans this size$2,416
2024$6,965 per active participant
2023$6,519 per active participant
2022$6,255 per active participant

Los Angeles Tourism & Convention Board'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$32,045
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$32,045 · 0.19%
2023$27,202 · 0.19%
2022$25,500 · 0.19%
Similar plansAdministrative & Support Services · California
Staffing Partners Holdings CA$19.3M · 1.13%
Crosscheck, Inc. CA$18.5M · 0.39%
Pursue Health LLC CA$17.4M · 0.46%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953165255 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.