Plan Ledger DOL Form 5500 · updated monthly

Southwest College of Medical - D401(k)

SUCCESS EDUCATION COLLEGES 401K PLAN · WEST COVINA, CA · plan year 2024

Reported admin expense ratio · 2024
0.71%

Southwest College of Medical - D reported $16,852 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. 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 0.63% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in California (8,006th of 9,483), and 2,770th of 3,091 in educational services. active participation has grown from 539 to 1,339 since 2022.

Plan summary
Net assets, end of year$2,672,640
Participants with balances130
Active participants1,339
Employer contributions—
Employee contributions$560,367
Employer contribution per active participant—
Average account balance$20,559
Benefits paid to participants$241,437
Plan auditUnmodified (clean) audit opinion
AuditorMCCLINTOCK & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 130 accts
2023$2.1M · 121 accts
2022$1.7M · 100 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,050
Investment management$14,802
Total administrative$16,852
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
PENSIONMARK FINANCIAL GROUP, LLC · Recordkeeping · Trustee$14,151
ADP, INC. · Recordkeeping · Investment advisory (participants)$2,700

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

Recordkeeper by year2
2024ADP, PENSIONMARK FINANCIAL GROUP, LLC
2023ADP, PENSIONMARK FINANCIAL GROUP, LLC

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Administrative cost history3
2024$16,852 · 0.71%
2023$13,051 · 0.68%
2022$10,677 · 0.63%
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Star Sports Theater CA$2.7M · 1.99%
Western Christian Schools CA$2.6M · 0.01%
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Source: U.S. Department of Labor, Form 5500 series, EIN 951729727 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.