Plan Ledger DOL Form 5500 · updated monthly

Mike Thompson Recreational Vehicle401(k)

MIKE THOMPSON RECREATIONAL VEHICLES RETIREMENT PLAN · SANTA FE SPRINGS, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Mike Thompson Recreational Vehicle reported $100,458 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $537 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 3 years on file its reported administrative ratio has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 3,315th-largest of 9,483 plans among California employers on file, and the 1,310th of 5,215 in retail trade. In 2024, employees put in $9.51 for every $1.00 the employer contributed; active participation has shrunk from 299 to 267 since 2022.

Plan summary
Net assets, end of year$22,786,797
Participants with balances334
Active participants267
Employer contributions$143,434
Employee contributions$1,363,703
Employer contribution per active participant$537
Average account balance$68,224
Benefits paid to participants$3,549,335
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 334 accts · $143K emplr
2023$22.2M · 350 accts · $155K emplr
2022$20.0M · 366 accts · $244K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,493
Investment management$19,404
Total administrative$100,458
The Mike Thompson Recreational Vehicle 401(k) match · 2024
Employer contribution per active participant$537
Median for plans this size$2,416
2024$537 per active participant
2023$540 per active participant
2022$815 per active participant

Mike Thompson Recreational Vehicle's 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,492
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$40,965

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$100,458 · 0.45%
2023$96,321 · 0.46%
2022$96,711 · 0.44%
Same employer
Similar plansRetail Trade · California
Alto Pharmacy, LLC CA$23.7M · 0.51%
One Planet Group, LLC CA$23.5M · 0.21%
Chrome Hearts LLC CA$23.0M · 0.46%
Eminent Inc. CA$22.7M · 0.26%
Whatnot Inc CA$22.7M · 0.18%
The Honest Company, Inc. CA$22.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952838334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.