Plan Ledger DOL Form 5500 · updated monthly

Madison Reed401(k)

MADISON-REED 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Madison Reed reported $28,456 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $8 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 0.36% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (5,243rd of 9,483), and the 1,579th of 3,341 in other services. In 2024, employees put in $422.48 for every $1.00 the employer contributed; active participation has grown from 659 to 958 since 2022.

Plan summary
Net assets, end of year$10,820,703
Participants with balances1,273
Active participants958
Employer contributions$7,376
Employee contributions$3,116,218
Employer contribution per active participant$8
Average account balance$8,500
Benefits paid to participants$1,587,483
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 1,273 accts · $7K emplr
2023$7.9M · 918 accts
2022$4.8M · 759 accts · $87K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,456
Total administrative$28,456
The Madison Reed 401(k) match · 2024
Employer contribution per active participant$8
Median for plans this size$1,313
2024$8 per active participant
2022$133 per active participant

Madison Reed's 2024 employer contribution ran below the $1,313 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$28,456

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$28,456 · 0.30%
2023$56,102 · 0.88%
2022$18,275 · 0.36%
Same employer
Similar plansOther Services · California
United Agribusiness League CA$11.3M · 0.03%
Vistability CA$10.8M · 0.01%
Data Exchange Corporation CA$10.8M · 0.02%
United Way, Inc. CA$10.8M · 0.02%
Echo Foundation CA$10.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462427365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.