Plan Ledger DOL Form 5500 · updated monthly

Magic Laundry, Inc401(k)

MAGIC LAUNDRY, INC 401 (K) PLAN · MONTEBELLO, CA · plan year 2022

Reported admin expense ratio · 2022
1.09%

Magic Laundry, Inc reported $450 in plan administrative expenses for 2022: 1.09% of average plan assets, above the peer median. 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (9,407th of 9,483), and 3,313th of 3,341 in other services.

Plan summary
Net assets, end of year$41,324
Participants with balances18
Active participants290
Employer contributions—
Employee contributions$49,609
Employer contribution per active participant—
Average account balance$2,296
Benefits paid to participants$7,001
Plan auditUnmodified (clean) audit opinion
AuditorAGHAKHANI & LUK, L.L.P.
Administrative expenses, itemized · 2022
Professional / advisory$450
Total administrative$450
What these fees cost you

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$450 · 1.09%
Similar plansOther Services · California
The Apartment Company CA$132K · 1.94%
Sr Salons LLC CA$121K · 0.18%
Sdlc Technologies Inc CA$32K · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770634140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.