Plan Ledger DOL Form 5500 · updated monthly

Material Holdings LLC401(k)

MATERIAL 401(K) PROFIT SHARING PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Material Holdings LLC reported $188,122 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $3,505 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 0.20% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 783rd-largest of 9,483 plans among California employers on file, and the 1,159th of 11,654 in professional & technical services. In 2024, employees put in $3.13 for every $1.00 the employer contributed; active participation has shrunk from 1,248 to 830 since 2022.

Plan summary
Net assets, end of year$135,172,948
Participants with balances1,571
Active participants830
Employer contributions$2,908,993
Employee contributions$9,106,661
Employer contribution per active participant$3,505
Average account balance$86,043
Benefits paid to participants$15,528,607
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLEY
Plan history3
Yearassets · accounts · employer contribution
2024$135.2M · 1,571 accts · $2.9M emplr
2023$121.0M · 1,606 accts · $4.0M emplr
2022$98.7M · 1,785 accts · $3.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,669
Investment management$26,949
Audit (IQPA)$13,650
Total administrative$188,122
The Material Holdings LLC 401(k) match · 2024
Employer contribution per active participant$3,505
Median for plans this size$3,635
2024$3,505 per active participant
2023$4,249 per active participant
2022$2,857 per active participant

Material Holdings LLC's 2024 employer contribution ran below the $3,635 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$103,729
UBS FINANCIAL SERVICES INC · Consulting · Investment advisory (plan)$47,257
BAKER TILLEY · Accounting / audit · Consulting$22,050
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,146

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$188,122 · 0.15%
2023$226,166 · 0.21%
2022$208,910 · 0.20%
Same employer
Similar plansProfessional & Technical Services · California
Gusto (Zenpayroll) CA$138.5M · 0.18%
Shartsis Friese LLP CA$137.4M · 0.01%
Musick, Peeler & Garrett LLP CA$136.7M · 0.07%
Novogradac & Company LLP CA$136.5M · 0.18%
Ubisoft, Inc. CA$129.3M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952848286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.