Plan Ledger DOL Form 5500 · updated monthly

The Third Floor, Inc.401(k)

THE THIRD FLOOR, INC. 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

The Third Floor, Inc. reported $101,100 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,514 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 has held roughly steady near 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 4,314th-largest of 9,483 plans among California employers on file, and 6,453rd of 11,654 in professional & technical services. In 2024, employees put in $4.21 for every $1.00 the employer contributed; active participation has grown from 179 to 198 since 2022.

Plan summary
Net assets, end of year$15,514,362
Participants with balances190
Active participants198
Employer contributions$299,760
Employee contributions$1,263,464
Employer contribution per active participant$1,514
Average account balance$81,655
Benefits paid to participants$1,359,707
Plan auditUnmodified (clean) audit opinion
AuditorJMK CPA PARTNERS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 190 accts · $300K emplr
2023$13.4M · 213 accts · $339K emplr
2022$9.6M · 243 accts · $342K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,100
Total administrative$101,100
The The Third Floor, Inc. 401(k) match · 2024
Employer contribution per active participant$1,514
Median for plans this size$2,416
2024$1,514 per active participant
2023$1,644 per active participant
2022$1,909 per active participant

The Third Floor, Inc.'s 2024 employer contribution ran below 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$37,649
MONARCH PLAN ADVISORS · Investment advisory (plan)$35,189
JONES & MALHOTRA · Accounting / audit$10,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,344
ASCENSUS HOLDINGS, INC. · Consulting$8,918

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$101,100 · 0.70%
2023$90,441 · 0.79%
2022$71,154 · 0.72%
Similar plansProfessional & Technical Services · California
Forward Slope, Inc. CA$15.6M · 0.47%
Limeade, Inc. CA$15.6M · 0.28%
Hunt & Henriques,Llp CA$15.6M · 0.59%
Ambrx, Inc. CA$15.5M · 0.33%
Applied Minds, LLC CA$15.4M · 0.20%
Health Advocates, LLC CA$15.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201755197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.