Plan Ledger DOL Form 5500 · updated monthly

Smith Chason College, Inc. 401(K) Plan401(k)

SMITH CHASON COLLEGE, INC. 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
1.51%

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

Smith Chason College, Inc. 401(K) Plan reported $61,475 in plan administrative expenses for 2024: 1.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1 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 1.36% to 1.51%. 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 (7,164th of 9,483), and 2,383rd of 3,341 in other services. In 2024, employees put in $1916.24 for every $1.00 the employer contributed; active participation has grown from 294 to 409 since 2022.

Plan summary
Net assets, end of year$4,543,096
Participants with balances142
Active participants409
Employer contributions$283
Employee contributions$542,297
Employer contribution per active participant$1
Average account balance$31,994
Benefits paid to participants$206,227
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 142 accts · $283 emplr
2023$3.6M · 164 accts
2022$2.7M · 157 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,811
Investment management$17,664
Total administrative$61,475
The Smith Chason College, Inc. 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$1
Median for plans this size$1,313

Smith Chason College, Inc. 401(K) Plan'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 · 20243
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping$1,894
WELLTH ADVISORY SERVICES, LLC · Investment advisory (participants)$9,032
GLOBAL RETIREMENT PARTNERS · Investment advisory (participants)$8,632

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$61,475 · 1.51%
2023$46,035 · 1.46%
2022$40,330 · 1.36%
Same employer
Similar plansOther Services · California
Lrg Management, LLC CA$4.6M · 0.89%
The Growing Place CA$4.5M · 0.05%
Chosen Foods, LLC CA$4.3M · 0.71%
Caritas Management Corp CA$4.2M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954686517 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.