Plan Ledger DOL Form 5500 · updated monthly

Singer Vehicle Design401(k)

SINGER VEHICLE DESIGN 401(K) PLAN · TORRANCE, CA · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Singer Vehicle Design reported $74,226 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,685 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 0.82% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (5,471st of 9,483), and the 1,664th of 3,341 in other services. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 243 to 355 since 2022.

Plan summary
Net assets, end of year$9,939,046
Participants with balances518
Active participants355
Employer contributions$953,287
Employee contributions$2,125,879
Employer contribution per active participant$2,685
Average account balance$19,187
Benefits paid to participants$863,820
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 518 accts · $953K emplr
2023$6.6M · 418 accts · $758K emplr
2022$2.7M · 263 accts · $418K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,717
Investment management$26,509
Total administrative$74,226
The Singer Vehicle Design 401(k) match · 2024
Employer contribution per active participant$2,685
Median for plans this size$1,313
2024$2,685 per active participant
2023$2,081 per active participant
2022$1,719 per active participant

Singer Vehicle Design's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ASCENSUS LLC · Loan processing · Recordkeeping$47,717
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$26,509

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

Recordkeeper by year2
2024Ascensus
2023Ascensus, John Hancock

This plan has changed recordkeepers within these filings. If you left Singer Vehicle Design before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$74,226 · 0.90%
2023$30,717 · 0.66%
2022$14,385 · 0.82%
Same employer
Similar plansOther Services · California
Glide Foundation CA$10.6M · 0.93%
Thermo King Fresno, Inc. CA$10.3M · 0.28%
Cotton on USA, Inc. CA$9.5M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843609514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.