Plan Ledger DOL Form 5500 · updated monthly

Payden & Rygel401(k)

CAPITAL ACCUMULATION P/S PLAN FOR EMPLOYEES OF PAYDEN & RYGEL · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Payden & Rygel reported $117,483 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $12,964 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 0.09% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 844th-largest of 9,483 plans among California employers on file, and the 843rd of 4,798 in finance & insurance. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$124,276,005
Participants with balances295
Active participants213
Employer contributions$2,761,408
Employee contributions$3,707,753
Employer contribution per active participant$12,964
Average account balance$421,275
Benefits paid to participants$8,436,807
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$124.3M · 295 accts · $2.8M emplr
2023$110.0M · 289 accts · $2.6M emplr
2022$93.1M · 279 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,943
Investment management$36,540
Audit (IQPA)$22,750
Total administrative$117,483
The Payden & Rygel 401(k) match · 2024
Employer contribution per active participant$12,964
Median for plans this size$3,635
2024$12,964 per active participant
2023$12,911 per active participant
2022$12,390 per active participant

Payden & Rygel's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
TRI-AD ACTUARIES, INC. · Contract administrator · Recordkeeping$52,943
CHARLES SCHWAB TRUST COMPANY · Custodial (securities) · Trustee (directed)$36,540
HUTCHINSON & BLOODGOOD LLP · Accounting / audit$22,750

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

Recordkeeper by year2
2024TRI-AD ACTUARIES, INC.
2023TRI-AD ACTUARIES, INC.

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Administrative cost history3
2024$117,483 · 0.10%
2023$93,241 · 0.09%
2022$87,543 · 0.09%
Same employer
Similar plansFinance & Insurance · California
Heffernan Insurance Brokers CA$129.7M · 0.03%
Patelco Credit Union CA$127.7M · 0.34%
California Credit Union CA$123.3M · 0.05%
Newfront CA$116.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953921788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.