Plan Ledger DOL Form 5500 · updated monthly

On Lok Inc.403(b)

ON LOK RETIREMENT SAVINGS PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

On Lok Inc. reported $204,881 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $2,244 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 0.21% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 870th-largest of 9,483 plans among California employers on file, and the 943rd of 11,911 in health care & social assistance. In 2024, employees put in $3.46 for every $1.00 the employer contributed; active participation has grown from 1,080 to 1,242 since 2022.

Plan summary
Net assets, end of year$119,044,254
Participants with balances1,472
Active participants1,242
Employer contributions$2,786,974
Employee contributions$9,630,616
Employer contribution per active participant$2,244
Average account balance$80,872
Benefits paid to participants$7,270,276
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$119.0M · 1,472 accts · $2.8M emplr
2023$101.3M · 1,453 accts · $2.5M emplr
2022$83.6M · 1,349 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$204,881
Total administrative$204,881
Employer contributions to the On Lok Inc. plan · 2024
Employer contribution per active participant$2,244
Median for plans this size$3,635
2024$2,244 per active participant
2023$2,137 per active participant
2022$1,996 per active participant

On Lok Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$204,880
401(K) ADVISORS INC · Investment advisory (plan)indirect comp

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$204,881 · 0.19%
2023$176,934 · 0.19%
2022$188,505 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · California
Invitae CA$122.3M · 0.22%
Optimum Employer Solutions CA$118.2M · 0.56%
Inari Medical, Inc. CA$117.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943101464 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.