Plan Ledger DOL Form 5500 · updated monthly

One Workplace L. Ferrari, LLC401(k)

ONE WORKPLACE L. FERRARI 401(K) PLAN · SANTA CLARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

One Workplace L. Ferrari, LLC reported $38,395 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,719 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 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 1,001st-largest of 9,483 plans among California employers on file, and the 379th of 5,215 in retail trade. In 2024, employees put in $3.10 for every $1.00 the employer contributed; active participation has shrunk from 1,053 to 866 since 2022.

Plan summary
Net assets, end of year$100,121,644
Participants with balances1,233
Active participants866
Employer contributions$2,354,729
Employee contributions$7,287,897
Employer contribution per active participant$2,719
Average account balance$81,202
Benefits paid to participants$7,936,773
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$100.1M · 1,233 accts · $2.4M emplr
2023$86.4M · 1,309 accts · $2.5M emplr
2022$70.5M · 1,335 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,600
Investment management$31,795
Total administrative$38,395
The One Workplace L. Ferrari, LLC 401(k) match · 2024
Employer contribution per active participant$2,719
Median for plans this size$3,635
2024$2,719 per active participant
2023$2,595 per active participant
2022$2,409 per active participant

One Workplace L. Ferrari, 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$38,320

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$38,395 · 0.04%
2023$30,675 · 0.04%
2022$26,769 · 0.03%
Same employer
Similar plansRetail Trade · California
Iherb, LLC CA$110.4M · 0.08%
Hankey Investment Company LP CA$108.4M · 0.21%
Stater Bros. Markets CA$107.1M · 0.11%
Tcag, Inc. CA$101.0M · 0.03%
North State Grocery, Inc. CA$97.6M · 0.01%
Fabletics, Inc. CA$89.1M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770516002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.