Plan Ledger DOL Form 5500 · updated monthly

Prime Administration, LLC401(k)

PRIME ADMINISTRATION, LLC 401(K) PROFIT SHARING PLAN & TRUST · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Prime Administration, LLC reported $12,900 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,963 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 0.03% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 3,378th-largest of 9,483 plans among California employers on file, and the 609th of 2,096 in real estate & leasing. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,147,824
Participants with balances275
Active participants486
Employer contributions$953,904
Employee contributions$1,838,261
Employer contribution per active participant$1,963
Average account balance$80,538
Benefits paid to participants$2,113,141
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 275 accts · $954K emplr
2023$18.7M · 276 accts · $791K emplr
2022$14.5M · 252 accts · $645K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,400
Total administrative$12,900
The Prime Administration, LLC 401(k) match · 2024
Employer contribution per active participant$1,963
Median for plans this size$2,416
2024$1,963 per active participant
2023$1,627 per active participant
2022$1,357 per active participant

Prime Administration, LLC's 2024 employer contribution ran below 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 · 20242
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (plan)$12,900
NICHOLAS PENSION CONSULTANTS · Other servicesindirect comp

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$12,900 · 0.06%
2023$11,625 · 0.07%
2022$4,800 · 0.03%
Same employer
Similar plansReal Estate & Leasing · California
Fpi Management, Inc. CA$23.2M · 0.09%
Norcal Rental Group LLC CA$22.2M · 0.28%
Rp Holdings Inc CA$22.1M · 0.34%
Kisco Senior Living, LLC CA$22.0M · 0.33%
Gleiberman Properties Inc. CA$22.0M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201149958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.