Plan Ledger DOL Form 5500 · updated monthly

Platinum Equity, LLC401(k)

PLATINUM EQUITY 401(K) PLAN · BEVERLY HILLS, CA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Platinum Equity, LLC reported $86,670 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,547 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 1 year on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 395th-largest of 9,483 plans among California employers on file, and the 114th of 786 in management of companies. In 2024, employees put in $3.21 for every $1.00 the employer contributed; active participation has grown from 420 to 484 since 2022.

Plan summary
Net assets, end of year$313,104,937
Participants with balances1,295
Active participants484
Employer contributions$2,200,603
Employee contributions$7,072,801
Employer contribution per active participant$4,547
Average account balance$241,780
Benefits paid to participants$20,779,324
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$313.1M · 1,295 accts · $2.2M emplr
2023$269.0M · 1,343 accts · $1.8M emplr
2022$230.5M · 1,376 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,277
Investment management$17,893
Audit (IQPA)$21,500
Total administrative$86,670
The Platinum Equity, LLC 401(k) match · 2024
Employer contribution per active participant$4,547
Median for plans this size$4,294
2024$4,547 per active participant
2023$3,960 per active participant
2022$3,993 per active participant

Platinum Equity, LLC's 2024 employer contribution ran above the $4,294 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 · 20244
RPA FINANCIAL, LLC · Investment advisory (participants)$40,000
PLANTE & MORAN, PLLC · Accounting / audit$21,500
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$17,893
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,277

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$86,670 · 0.03%
2023$109,128 · 0.04%
2022Not separately reported
Same employer
Similar plansManagement of Companies · California
Pacific Dental Services, LLC CA$565.3M · 0.31%
Sempra CA$562.1M · 0.01%
Toshiba America, Inc CA$511.7M · 0.06%
Kyocera International, Inc. CA$273.9M · 0.03%
Hoya Holdings, Inc. CA$173.4M · 0.29%
Meruelo Group LLC CA$124.5M · 0.19%
Nantworks, LLC CA$122.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954666134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.