Plan Ledger DOL Form 5500 · updated monthly

The Primary School Labs401(k)

THE PRIMARY SCHOOL 401(K) PLAN · EAST PALO ALTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

The Primary School Labs reported $18,420 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,509 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 3 years on file its reported administrative ratio rose from 0.09% to 0.40%. 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 (6,989th of 9,483), and 2,511th of 3,091 in educational services. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,029,766
Participants with balances180
Active participants155
Employer contributions$233,857
Employee contributions$543,894
Employer contribution per active participant$1,509
Average account balance$27,943
Benefits paid to participants$558,883
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$5.0M · 180 accts · $234K emplr
2023$4.1M · 245 accts · $244K emplr
2022$2.9M · 197 accts · $216K emplr
2021$2.6M · 174 accts · $200K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,420
Total administrative$18,420
The The Primary School Labs 401(k) match · 2024
Employer contribution per active participant$1,509
Median for plans this size$1,313
2024$1,509 per active participant
2023$1,575 per active participant
2022$1,375 per active participant
2021$1,420 per active participant

The Primary School Labs'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.

Administrative cost history4
2024$18,420 · 0.40%
2023$1,072 · 0.03%
2022$3,320 · 0.12%
2021$1,850 · 0.09%
Similar plansEducational Services · California
The Berkeley School CA$5.3M · 0.27%
The Primary School CA$5.0M · 0.40%
St. Anne School CA$4.9M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371975407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.