Plan Ledger DOL Form 5500 · updated monthly

S1L, Inc.401(k)

S1L, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

S1L, Inc. reported $86,940 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $57 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 0.55% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3,823rd-largest of 9,483 plans among California employers on file, and 3,189th of 4,798 in finance & insurance. In 2024, employees put in $66.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,596,683
Participants with balances314
Active participants558
Employer contributions$31,933
Employee contributions$2,111,985
Employer contribution per active participant$57
Average account balance$59,225
Benefits paid to participants$4,069,003
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 314 accts · $32K emplr
2023$17.4M · 352 accts · $284K emplr
2022$16.2M · 439 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,206
Investment management$41,734
Total administrative$86,940
The S1L, Inc. 401(k) match · 2024
Employer contribution per active participant$57
Median for plans this size$2,416
2024$57 per active participant
2023$973 per active participant
2022$2,685 per active participant

S1L, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$45,206
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$41,734

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$86,940 · 0.48%
2023$88,748 · 0.53%
2022$84,882 · 0.55%
Same employer
Similar plansFinance & Insurance · California
American Riviera Bank CA$19.2M · 0.22%
Santa Cruz County Bank CA$18.8M · 0.22%
M.J. Hall & Company, Inc. CA$18.6M · 0.06%
Excite Credit Union CA$18.3M · 0.29%
Sacramento Credit Union CA$18.2M · 0.22%
Safe 1 Credit Union CA$18.1M · 0.20%
Figure Technology Solutions CA$18.0M · 0.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 842764875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.