Plan Ledger DOL Form 5500 · updated monthly

Spherecommerce, LLC401(k)

SPHERECOMMERCE, 401(K) PLAN · SANTA ANA, CA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Spherecommerce, LLC reported $15,333 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,908 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 0.01% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4,512th-largest of 9,483 plans among California employers on file, and 3,568th of 4,798 in finance & insurance. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has shrunk from 284 to 139 since 2022.

Plan summary
Net assets, end of year$14,246,644
Participants with balances218
Active participants139
Employer contributions$543,148
Employee contributions$1,230,637
Employer contribution per active participant$3,908
Average account balance$65,352
Benefits paid to participants$2,578,137
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 218 accts · $543K emplr
2023$13.4M · 256 accts · $786K emplr
2022$11.3M · 261 accts · $776K emplr
Administrative expenses, itemized · 2024
Investment management$2,182
Total administrative$15,333
The Spherecommerce, LLC 401(k) match · 2024
Employer contribution per active participant$3,908
Median for plans this size$2,416
2024$3,908 per active participant
2023$5,572 per active participant
2022$2,731 per active participant

Spherecommerce, LLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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
SPHERECOMMERCE LLC$13,151
EMPOWER ADVISORY GROUP, LLC · Investment management$2,182

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$15,333 · 0.11%
2023$604 · 0.00%
2022$1,289 · 0.01%
Same employer
Similar plansFinance & Insurance · California
Community West Bancshares CA$14.7M · 0.51%
Global Benefits Group Inc. CA$14.3M · 0.56%
Velo-Payments Inc. CA$14.3M · 0.13%
United Security Bank CA$14.2M · 0.24%
Assemi Group, Inc. CA$14.2M · 0.14%
At-Bay, Inc. CA$14.1M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822220130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.