Plan Ledger DOL Form 5500 · updated monthly

Platform Science, Inc.401(k)

PLATFORM SCIENCE, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Platform Science, Inc. reported $40,138 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $3,743 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 fell from 0.25% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 3,201st-largest of 9,483 plans among California employers on file, and the 649th of 2,677 in transportation & warehousing. In 2024, employees put in $3.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,984,877
Participants with balances437
Active participants318
Employer contributions$1,190,335
Employee contributions$3,984,991
Employer contribution per active participant$3,743
Average account balance$54,885
Benefits paid to participants$1,355,190
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 437 accts · $1.2M emplr
2023$17.6M · 441 accts · $1.5M emplr
2022$10.3M · 383 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,475
Investment management$37,663
Total administrative$40,138
The Platform Science, Inc. 401(k) match · 2024
Employer contribution per active participant$3,743
Median for plans this size$2,416
2024$3,743 per active participant
2023$4,869 per active participant
2022$3,771 per active participant

Platform Science, Inc.'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
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$40,138

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$40,138 · 0.19%
2023$36,519 · 0.26%
2022$19,879 · 0.25%
Same employer
Similar plansTransportation & Warehousing · California
Corovan Corporation CA$26.0M · 0.14%
Mnx Global Logistics Corp. CA$25.5M · 0.15%
Blower-Dempsay Corporation CA$23.9M · 0.24%
Fns, Inc. CA$23.6M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475410676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.