Plan Ledger DOL Form 5500 · updated monthly

Pla-Fit Franchise, LLC401(k)

PLANET FITNESS 401(K) PLAN · HAMPTON, NH · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Pla-Fit Franchise, LLC reported $100,546 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $563 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 0.27% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 98th-largest of 411 plans among New Hampshire employers on file, and the 270th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 1,930 to 2,683 since 2022.

Plan summary
Net assets, end of year$37,274,690
Participants with balances571
Active participants2,683
Employer contributions$1,510,414
Employee contributions$3,208,272
Employer contribution per active participant$563
Average account balance$65,280
Benefits paid to participants$4,568,098
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.3M · 571 accts · $1.5M emplr
2023$32.1M · 512 accts · $1.4M emplr
2022$23.9M · 462 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,664
Investment management$85,882
Total administrative$100,546
The Pla-Fit Franchise, LLC 401(k) match · 2024
Employer contribution per active participant$563
Median for plans this size$2,416
2024$563 per active participant
2023$587 per active participant
2022$582 per active participant

Pla-Fit Franchise, LLC'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
CREATIVE PLANNING, LLC · Investment advisory (plan)$85,871
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,664

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$100,546 · 0.29%
2023$76,246 · 0.27%
2022$64,771 · 0.27%
Same employer
Similar plansArts, Entertainment & Recreation · New Hampshire
Jacobs Entertainment, Inc. CO$37.9M · 0.36%
New Jersey Devils, LLC NJ$36.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593764075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.