Plan Ledger DOL Form 5500 · updated monthly

Public Policy Institute of California403(b)

PUBLIC POLICY INSTITUTE OF CA DC RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Public Policy Institute of California reported $53,561 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $11,240 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 0.12% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,669th-largest of 9,483 plans among California employers on file, and the 2,598th of 11,654 in professional & technical services. In 2024, the employer put in $1.92 for every $1.00 employees contributed themselves; active participation has grown from 85 to 104 since 2022.

Plan summary
Net assets, end of year$54,009,888
Participants with balances231
Active participants104
Employer contributions$1,168,998
Employee contributions$609,915
Employer contribution per active participant$11,240
Average account balance$233,809
Benefits paid to participants$1,869,871
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.0M · 231 accts · $1.2M emplr
2023$47.2M · 227 accts · $1.2M emplr
2022$38.3M · 217 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,549
Investment management$6,012
Total administrative$53,561
Employer contributions to the Public Policy Institute of California plan · 2024
Employer contribution per active participant$11,240
Median for plans this size$3,635
2024$11,240 per active participant
2023$11,982 per active participant
2022$12,188 per active participant

Public Policy Institute of California's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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
NFP RETIREMENT INC. · Investment advisory (plan)$47,281
TIAA$6,281

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$53,561 · 0.11%
2023$52,736 · 0.12%
2022Not separately reported
Similar plansProfessional & Technical Services · California
Illumio, Inc. CA$55.4M · 0.04%
Berliner Cohen, LLP CA$54.1M · 0.07%
Neudesic, LLC CA$54.0M · 0.42%
Sigma Defense Systems, LLC CA$53.9M · 0.21%
Lyra Health, Inc. CA$53.8M · 0.03%
Ware Malcomb CA$53.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943207299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.