Plan Ledger DOL Form 5500 · updated monthly

Marine Layer Pbc401(k)

MARINE LAYER INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Marine Layer Pbc reported $17,892 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $1,931 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 rose from 0.25% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (6,558th of 9,483), and 3,413th of 5,215 in retail trade. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 133 to 274 since 2022.

Plan summary
Net assets, end of year$6,331,311
Participants with balances411
Active participants274
Employer contributions$529,193
Employee contributions$977,270
Employer contribution per active participant$1,931
Average account balance$15,405
Benefits paid to participants$462,314
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 411 accts · $529K emplr
2023$4.5M · 243 accts · $402K emplr
2022$2.8M · 148 accts · $327K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,225
Investment management$14,667
Total administrative$17,892
The Marine Layer Pbc 401(k) match · 2024
Employer contribution per active participant$1,931
Median for plans this size$1,313
2024$1,931 per active participant
2023$1,419 per active participant
2022$2,462 per active participant

Marine Layer Pbc's 2024 employer contribution ran above the $1,313 median for plans its size. 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
ADP REITREMENT SERVICES · Recordkeeping · Trustee$14,667
ADP, INC. · Loan processing · Recordkeeping$3,225

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$17,892 · 0.33%
2023$12,180 · 0.33%
2022$6,288 · 0.25%
Same employer
Similar plansRetail Trade · California
Los Angeles Cdjr CA$6.4M · 1.09%
Auto Town, Inc. CA$6.4M · 0.42%
Fireclay Tile, Inc. CA$6.4M · 0.52%
Levlad, LLC CA$6.3M · 0.26%
Canton Food Co. CA$6.3M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264763175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.