Plan Ledger DOL Form 5500 · updated monthly

Summer Search Foundation401(k)

SUMMER SEARCH FOUNDATION 401(K) RETIREMENT PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Summer Search Foundation reported $22,742 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,991 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 0.14% to 0.28%. 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 (5,710th of 9,483), and 2,178th of 3,091 in educational services. In 2024, employees put in $3.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,084,720
Participants with balances231
Active participants122
Employer contributions$242,900
Employee contributions$814,532
Employer contribution per active participant$1,991
Average account balance$39,328
Benefits paid to participants$607,728
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 231 accts · $243K emplr
2023$7.4M · 235 accts · $241K emplr
2022$6.0M · 261 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,832
Investment management$18,910
Total administrative$22,742
The Summer Search Foundation 401(k) match · 2024
Employer contribution per active participant$1,991
Median for plans this size$1,313
2024$1,991 per active participant
2023$1,649 per active participant
2022$1,918 per active participant

Summer Search Foundation's 2024 employer contribution ran above the $1,313 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
RBC · Recordkeeping · Trustee$18,910
ADP, INC. · Loan processing · Recordkeeping$3,832
ADP BROKER-DEALERindirect comp

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, RBC
2023ADP, RBC

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

Administrative cost history3
2024$22,742 · 0.28%
2023$19,431 · 0.29%
2022$8,958 · 0.14%
Same employer
Similar plansEducational Services · California
Stanbridge University CA$9.6M · 0.89%
Gindi Maimonides Academy CA$9.6M · 0.00%
Marymount High School CA$9.4M · 0.01%
Point Quest, Inc. CA$8.8M · 0.63%
Park Day School CA$8.7M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680200138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.