Plan Ledger DOL Form 5500 · updated monthly

Our Best Life Inc401(k)

OUR BEST LIFE MANAGEMENT 401(K) PLAN · HUNTINGTON PARK, CA · plan year 2023

Reported admin expense ratio · 2023
0.70%

Our Best Life Inc reported $4,120 in plan administrative expenses for 2023: 0.70% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio fell from 0.75% to 0.70%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (8,964th of 9,483), and 11,162nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$702,322
Participants with balances327
Active participants247
Employer contributions—
Employee contributions$185,757
Employer contribution per active participant—
Average account balance$2,148
Benefits paid to participants$55,287
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Plan history2
Yearassets · accounts · employer contribution
2023$702K · 327 accts
2022$482K · 277 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,120
Total administrative$4,120
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$4,120

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

Administrative cost history2
2023$4,120 · 0.70%
2022$3,053 · 0.75%
Similar plansHealth Care & Social Assistance · California
Harbinder S Brar MD Inc CA$650K · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471506183 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.