Plan Ledger DOL Form 5500 · updated monthly

Michael Stars401(k)

MICHAEL STARS 401(K) PROFIT SHARING PLAN · HAWTHORNE, CA · plan year 2024

Reported admin expense ratio · 2024
1.43%

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

Michael Stars reported $54,007 in plan administrative expenses for 2024: 1.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $349 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 0.62% to 1.43%. 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 (7,359th of 9,483), and 4,031st of 5,215 in retail trade. In 2024, employees put in $12.08 for every $1.00 the employer contributed; active participation has shrunk from 104 to 90 since 2022.

Plan summary
Net assets, end of year$4,067,596
Participants with balances124
Active participants90
Employer contributions$31,379
Employee contributions$378,942
Employer contribution per active participant$349
Average account balance$32,803
Benefits paid to participants$262,147
Plan auditUnmodified (clean) audit opinion
AuditorJMK CPA PARTNERS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 124 accts · $31K emplr
2023$3.5M · 134 accts · $34K emplr
2022$3.4M · 140 accts · $38K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,007
Total administrative$54,007
The Michael Stars 401(k) match · 2024
Employer contribution per active participant$349
Median for plans this size$1,313
2024$349 per active participant
2023$345 per active participant
2022$368 per active participant

Michael Stars'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 · 20243
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$900
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$885
NPF RETIREMENT INC · Investment advisory (plan)$20,120

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

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

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

Administrative cost history3
2024$54,007 · 1.43%
2023$46,135 · 1.34%
2022$22,431 · 0.62%
Same employer
Similar plansRetail Trade · California
F.Radich Motors, Inc. CA$4.1M · 0.01%
Friar Tux Shop CA$4.1M · 0.28%
Goodr LLC CA$4.0M · 0.03%
Good Eggs Inc. CA$3.9M · 1.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954073550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.