Plan Ledger DOL Form 5500 · updated monthly

Side Inc.401(k)

SIDE 401(K) PLAN · SAN FRANCISCO, 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

Side Inc. reported $59,951 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 3 years on file its reported administrative ratio has held roughly steady near 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 4,686th-largest of 9,483 plans among California employers on file, and the 921st of 2,096 in real estate & leasing. active participation has shrunk from 301 to 140 since 2022.

Plan summary
Net assets, end of year$13,401,521
Participants with balances279
Active participants140
Employer contributions$0
Employee contributions$2,351,323
Employer contribution per active participant$0
Average account balance$48,034
Benefits paid to participants$2,626,855
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 279 accts
2023$11.7M · 337 accts
2022$8.4M · 413 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,951
Total administrative$59,951
The Side Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Side 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$59,951

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$59,951 · 0.48%
2023$53,508 · 0.53%
2022$35,293 · 0.50%
Same employer
Similar plansReal Estate & Leasing · California
National Funding, Inc. CA$14.1M · 0.58%
Cal Coast Machinery, Inc. CA$13.0M · 0.03%
Pacific Union Company CA$12.9M · 0.03%
Pacifica Hotel Company CA$12.6M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371769616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.