Plan Ledger DOL Form 5500 · updated monthly

Saber Fitness San Bernardino LLC401(k)

SABER FITNESS/PLANET FITNESS-401 K PLAN · SAN BERNARDINO, CA · plan year 2023

Reported admin expense ratio · 2023
4.02%

Saber Fitness San Bernardino LLC reported $3,000 in plan administrative expenses for 2023: 4.02% of average plan assets, higher than ~75% 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 1 year on file its reported administrative ratio rose from 0.15% to 4.02%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (9,368th of 9,483), and 5,179th of 5,215 in retail trade. active participation has grown from 274 to 417 since 2022.

Plan summary
Net assets, end of year$78,379
Participants with balances239
Active participants417
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$328
Benefits paid to participants$1,183
Plan auditUnmodified (clean) audit opinion
AuditorNATHAN WECHSLER AND COMPANY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$78K · 239 accts
2022$71K · 287 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,233
Investment management$1,767
Total administrative$3,000
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Recordkeeping$1,557

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024Not separately reported
2023$3,000 · 4.02%
2022$106 · 0.15%
Similar plansRetail Trade · California
Sugared + Bronzed LLC CA$129K · 2.03%
Santa Fe Mercados Inc CA$105K · 0.57%
Danros, LLC CA$87K · 2.15%
Yummy Foods LLC CA$58K · 0.75%
2ND Street USA Inc CA$42K · 0.38%
Kids Empire CA$12K · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820927827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.