Plan Ledger DOL Form 5500 · updated monthly

Security Industry Specialists, Inc.401(k)

SIS 401(K) PLAN · CULVER CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Security Industry Specialists, Inc. reported $302,435 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~90% of peers. Employer contributions averaged $299 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 0.57% to 0.60%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 1,599th-largest of 9,483 plans among California employers on file, and the 380th of 3,341 in other services. In 2024, employees put in $12.58 for every $1.00 the employer contributed; active participation has grown from 2,256 to 2,525 since 2022.

Plan summary
Net assets, end of year$56,698,786
Participants with balances2,616
Active participants2,525
Employer contributions$755,511
Employee contributions$9,503,177
Employer contribution per active participant$299
Average account balance$21,674
Benefits paid to participants$5,596,348
Plan auditUnmodified (clean) audit opinion
AuditorRICHARDSON KONTOGOURIS EMERSON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$56.7M · 2,616 accts · $756K emplr
2023$44.8M · 2,428 accts · $732K emplr
2022$35.2M · 2,699 accts · $606K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$222,435
Total administrative$302,435
The Security Industry Specialists, Inc. 401(k) match · 2024
Employer contribution per active participant$299
Median for plans this size$3,635
2024$299 per active participant
2023$393 per active participant
2022$269 per active participant

Security Industry Specialists, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$222,435
DIVERSIFY ADVISORY SERVICES LLC · Consulting$80,000
WEALTHSOURCE MANAGEMENT · Investment advisory (plan)indirect 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$302,435 · 0.60%
2023$197,800 · 0.49%
2022$203,268 · 0.57%
Same employer
Similar plansOther Services · California
Planet Labs Pbc CA$57.6M · 0.01%
Bay Equity, LLC CA$52.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954751935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.