Plan Ledger DOL Form 5500 · updated monthly

Platinum Security, Inc.Profit-sharing plan

PLATINUM SECURITY EMPLOYEE BENEFIT PLAN · LOS ANGELES, CA · plan year 2022

Reported admin expense ratio · 2022
6.00%

Platinum Security, Inc. reported $44,595 in plan administrative expenses for 2022: 6.00% of average plan assets, higher than ~90% of peers. 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 6.00% to 6.46%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in California (9,019th of 9,483), and 899th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$613,000
Participants with balances506
Active participants447
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$1,211
Benefits paid to participants$61,871
Plan auditUnmodified (clean) audit opinion
AuditorVALENTINE CPA,PC
Plan history3
Yearassets · accounts · employer contribution
2024$565K · 356 accts
2023$581K · 396 accts
2022$613K · 506 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$44,595
Total administrative$44,595
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024AXA EQUITABLE LIFE NSURANCE CO
2023AXA EQUITABLE LIFE NSURANCE CO

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

Administrative cost history3
2024$36,992 · 6.46%
2023$41,788 · 7.00%
2022$44,595 · 6.00%
Similar plansAgriculture, Forestry & Fishing · California
Rincon Fresh, LLC CA$743K · 1.60%
Norcal Harvesting, LLC CA$679K · 1.02%
Central Valley Eggs, LLC CA$642K · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200860762 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.