Plan Ledger DOL Form 5500 · updated monthly

Skate One Corp401(k)

SKATE ONE CORP 401(K) PLAN · GOLETA, CA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Skate One Corp reported $19,659 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. 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 2 years on file its reported administrative ratio rose from 0.15% to 0.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (6,392nd of 9,483), and 3,389th of 4,246 in wholesale trade. active participation has shrunk from 115 to 92 since 2022.

Plan summary
Net assets, end of year$6,821,476
Participants with balances103
Active participants92
Employer contributions$0
Employee contributions$363,463
Employer contribution per active participant$0
Average account balance$66,228
Benefits paid to participants$237,845
Plan auditUnmodified (clean) audit opinion
AuditorNASIF, HICKS, HARRIS CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 103 accts
2023$5.9M · 114 accts
2022$4.9M · 129 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,614
Investment management$15,045
Total administrative$19,659
The Skate One Corp 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Skate One Corp's 2024 employer contribution ran below the $1,313 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 · 20242
CHANNEL WEALTH LLC · Investment advisory (plan)$15,045
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,614

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$19,659 · 0.31%
2023$14,784 · 0.27%
2022$8,918 · 0.15%
Same employer
Similar plansWholesale Trade · California
J.D. Rush Company, Inc. CA$6.9M · 0.04%
Dion & Sons, Inc. CA$6.9M · 0.47%
Nhn Global, Inc. CA$6.8M · 0.09%
Harbor Pipe & Steel, Inc. CA$6.8M · 0.74%
Optoma Technology, Inc. CA$6.7M · 0.30%
Boiling Point Group, Inc CA$6.6M · 1.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770350662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.