Plan Ledger DOL Form 5500 · updated monthly

Planmember Services Corporation401(k)

PLANMEMBER SERVICES CORPORATION 401(K) PLAN · CARPINTERIA, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Planmember Services Corporation reported $6,650 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,650 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 0.017% to 0.020%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,328th-largest of 9,483 plans among California employers on file, and the 2,137th of 4,798 in finance & insurance. In 2024, employees put in $3.07 for every $1.00 the employer contributed; active participation has grown from 172 to 196 since 2022.

Plan summary
Net assets, end of year$35,899,795
Participants with balances242
Active participants196
Employer contributions$519,477
Employee contributions$1,594,424
Employer contribution per active participant$2,650
Average account balance$148,346
Benefits paid to participants$1,575,928
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINSON & BLOODGOOD, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.9M · 242 accts · $519K emplr
2023$30.9M · 225 accts · $497K emplr
2022$25.0M · 241 accts · $489K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,650
Total administrative$6,650
The Planmember Services Corporation 401(k) match · 2024
Employer contribution per active participant$2,650
Median for plans this size$2,416
2024$2,650 per active participant
2023$2,759 per active participant
2022$2,842 per active participant

Planmember Services Corporation's 2024 employer contribution ran above the $2,416 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$6,650

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$6,650 · 0.02%
2023$6,860 · 0.02%
2022$4,780 · 0.02%
Similar plansFinance & Insurance · California
Venbrook Group, LLC CA$36.5M · 0.15%
Guideline, Inc. CA$35.2M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 770309553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.