Plan Ledger DOL Form 5500 · updated monthly

Lucile Packard Foundation for Children's Health401(k)

LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH RETIREMENT & SAVINGS 401K PLAN · PALO ALTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Lucile Packard Foundation for Children's Health reported $2,571 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,255 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 1 year on file its reported administrative ratio rose from 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,033rd-largest of 9,483 plans among California employers on file, and the 514th of 3,341 in other services. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 110 to 144 since 2022.

Plan summary
Net assets, end of year$42,438,677
Participants with balances233
Active participants144
Employer contributions$1,764,689
Employee contributions$1,976,416
Employer contribution per active participant$12,255
Average account balance$182,140
Benefits paid to participants$2,731,237
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.4M · 233 accts · $1.8M emplr
2023$35.0M · 209 accts · $1.6M emplr
2022$27.8M · 188 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$525
Investment management$2,046
Total administrative$2,571
The Lucile Packard Foundation for Children's Health 401(k) match · 2024
Employer contribution per active participant$12,255
Median for plans this size$2,416
2024$12,255 per active participant
2023$11,700 per active participant
2022$11,984 per active participant

Lucile Packard Foundation for Children's Health'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$525

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$2,571 · 0.01%
2023$762 · 0.00%
2022Not separately reported
Same employer
Similar plansOther Services · California
Planet Labs, Inc. CA$45.5M · 0.03%
The James Irvine Foundation CA$40.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770440090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.