Plan Ledger DOL Form 5500 · updated monthly

Penny Lane Centers401(k)

PENNY LANE 401(K) RETIREMENT PLAN · NORTH HILLS, CA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Penny Lane Centers reported $73,144 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $705 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 0.10% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 3,479th-largest of 9,483 plans among California employers on file, and the 3,523rd of 11,911 in health care & social assistance. In 2024, employees put in $4.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,264,619
Participants with balances591
Active participants499
Employer contributions$351,722
Employee contributions$1,670,999
Employer contribution per active participant$705
Average account balance$35,981
Benefits paid to participants$1,139,005
Plan auditUnmodified (clean) audit opinion
AuditorHARRINGTON GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 591 accts · $352K emplr
2023$17.9M · 621 accts · $334K emplr
2022$16.4M · 638 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,166
Investment management$56,978
Total administrative$73,144
The Penny Lane Centers 401(k) match · 2024
Employer contribution per active participant$705
Median for plans this size$2,416
2024$705 per active participant
2023$706 per active participant
2022$695 per active participant

Penny Lane Centers'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
ADP, INC. · Loan processing · Recordkeeping$51,710
WELLS FARGO · Recordkeeping · Trustee$21,433

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

Recordkeeper by year2
2024ADP, Wells Fargo
2023Ascensus, Transamerica

This plan has changed recordkeepers within these filings. If you left Penny Lane Centers before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$73,144 · 0.37%
2023$10,914 · 0.06%
2022$18,199 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · California
Community Hospice, Inc. CA$21.4M · 0.01%
Zest Anchors, LLC CA$21.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952633765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.