Plan Ledger DOL Form 5500 · updated monthly

Thermal Operating Company LLC401(k)

THERMAL CLUB 401 K PLAN · TORRANCE, CA · plan year 2025

Reported admin expense ratio · 2025
0.70%

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

Thermal Operating Company LLC reported $36,162 in plan administrative expenses for 2025: 0.70% of average plan assets, above the peer median. Employer contributions averaged $2,955 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 fell from 0.76% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in California (6,779th of 9,483), and 888th of 1,311 in arts, entertainment & recreation. In 2025, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,695,785
Participants with balances143
Active participants128
Employer contributions$378,271
Employee contributions$520,911
Employer contribution per active participant$2,955
Average account balance$39,831
Benefits paid to participants$400,638
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$5.7M · 143 accts · $378K emplr
2024$4.6M · 156 accts · $362K emplr
2023$3.5M · 133 accts · $274K emplr
2022$2.8M · 124 accts · $242K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$36,162
Total administrative$36,162
The Thermal Operating Company LLC 401(k) match · 2025
Employer contribution per active participant$2,955
Median for plans this size$1,464
2025$2,955 per active participant
2024$2,511 per active participant
2023$2,449 per active participant
2022$1,954 per active participant

Thermal Operating Company LLC's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$36,161
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$36,162 · 0.70%
2024$28,983 · 0.72%
2023$21,548 · 0.69%
2022$19,926 · 0.76%
Similar plansArts, Entertainment & Recreation · California
Vs Media Inc CA$6.0M · 0.12%
Ocean's Eleven Casino CA$5.9M · 0.02%
Mythical Entertainment CA$5.9M · 0.05%
Spare Time, Inc. CA$5.6M · 0.55%
Thunderbird Country Club CA$5.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453179462 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.