Plan Ledger DOL Form 5500 · updated monthly

The Liberty Company Insurance Brokers, Inc.401(k)

THE LIBERTY COMPANY 401(K) PLAN · WOODLAND HILLS, CA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

The Liberty Company Insurance Brokers, Inc. reported $105,886 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $794 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 0.32% to 0.40%. 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 2,686th-largest of 9,483 plans among California employers on file, and 2,424th of 4,798 in finance & insurance. In 2024, employees put in $5.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,900,686
Participants with balances531
Active participants767
Employer contributions$608,932
Employee contributions$3,468,193
Employer contribution per active participant$794
Average account balance$56,310
Benefits paid to participants$2,123,353
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.9M · 531 accts · $609K emplr
2023$23.3M · 458 accts · $775K emplr
2022$17.1M · 425 accts · $498K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,244
Investment management$33,015
Total administrative$105,886
The The Liberty Company Insurance Brokers, Inc. 401(k) match · 2024
Employer contribution per active participant$794
Median for plans this size$2,416
2024$794 per active participant
2023$1,170 per active participant
2022$670 per active participant

The Liberty Company Insurance Brokers, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
ADVANCED RETIREMENT SOLUTIONS · Investment advisory (plan)$45,724
EMPOWER ADVISORY GROUP, LLC · Investment management$33,015
LEADING RETIREMENT SOLUTIONS · Contract administrator$8,625

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$105,886 · 0.40%
2023$104,282 · 0.52%
2022$37,510 · 0.32%
Same employer
Similar plansFinance & Insurance · California
United Business Bank CA$30.5M · 0.49%
Riviera Finance, LLC CA$30.1M · 0.09%
Bank of the Orient CA$30.0M · 0.13%
Blupeak Credit Union CA$29.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270063026 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.