Plan Ledger DOL Form 5500 · updated monthly

Salas O'Brien, Inc.401(k)

SALAS O'BRIEN RETIREMENT PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Salas O'Brien, Inc. reported $1,345,681 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,586 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 0.36% to 0.28%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 248th-largest of 9,483 plans among California employers on file, and the 334th of 11,654 in professional & technical services. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 1,636 to 2,531 since 2022.

Plan summary
Net assets, end of year$537,888,095
Participants with balances3,191
Active participants2,531
Employer contributions$9,077,128
Employee contributions$20,906,181
Employer contribution per active participant$3,586
Average account balance$168,564
Benefits paid to participants$36,296,512
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$537.9M · 3,191 accts · $9.1M emplr
2023$408.6M · 2,388 accts · $8.1M emplr
2022$239.4M · 1,888 accts · $5.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,138,989
Investment management$206,692
Total administrative$1,345,681
The Salas O'Brien, Inc. 401(k) match · 2024
Employer contribution per active participant$3,586
Median for plans this size$4,294
2024$3,586 per active participant
2023$4,362 per active participant
2022$3,511 per active participant

Salas O'Brien, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$992,185
UBS FINANCIAL SERVICES INC · Investment management$206,692
ACTUARIAL BENEFITS CORP. · Contract administrator · Other services$58,582
CROWE LLP · Accounting / audit$57,488
SALAS O'BRIEN, INC · Other services$17,920

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$1,345,681 · 0.28%
2023$495,059 · 0.15%
2022$742,106 · 0.36%
Same employer
Similar plansProfessional & Technical Services · California
Okta, Inc. CA$544.7M · 0.02%
The Kleinfelder Group, Inc. CA$539.0M · 0.05%
Kratos Defense & Sec. Sol. CA$534.3M · 0.05%
Guidewire Software CA$483.4M · 0.07%
Korn Ferry CA$478.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952037468 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.