Plan Ledger DOL Form 5500 · updated monthly

Surfline Wavetrak, Inc.401(k)

SURFLINE WAVETRAK, INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Surfline Wavetrak, Inc. reported $3,158 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,371 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 fell from 0.08% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (6,436th of 9,483), and 1,751st of 2,199 in information & media. In 2024, employees put in $2.58 for every $1.00 the employer contributed; active participation has shrunk from 92 to 70 since 2022.

Plan summary
Net assets, end of year$6,686,591
Participants with balances91
Active participants70
Employer contributions$235,960
Employee contributions$609,641
Employer contribution per active participant$3,371
Average account balance$73,479
Benefits paid to participants$561,126
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 91 accts · $236K emplr
2023$5.2M · 100 accts · $266K emplr
2022$3.9M · 108 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,158
Total administrative$3,158
The Surfline Wavetrak, Inc. 401(k) match · 2024
Employer contribution per active participant$3,371
Median for plans this size$1,313
2024$3,371 per active participant
2023$3,913 per active participant
2022$3,153 per active participant

Surfline Wavetrak, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,158

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$3,158 · 0.05%
2023$3,528 · 0.08%
2022$3,355 · 0.08%
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Source: U.S. Department of Labor, Form 5500 series, EIN 330983121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.