Plan Ledger DOL Form 5500 · updated monthly

Toyota Research Institute Inc.401(k)

TOYOTA RESEARCH INSTITUTE 401(K) PLAN · LOS ALTOS, CA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Toyota Research Institute Inc. reported $2,329 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $22,573 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 0.003% to 0.003%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,131st-largest of 9,483 plans among California employers on file, and the 1,715th of 11,654 in professional & technical services. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves; active participation has grown from 228 to 285 since 2022.

Plan summary
Net assets, end of year$87,194,022
Participants with balances408
Active participants285
Employer contributions$6,433,239
Employee contributions$5,440,506
Employer contribution per active participant$22,573
Average account balance$213,711
Benefits paid to participants$3,102,656
Plan auditUnmodified (clean) audit opinion
AuditorCOMYNS SMITH MCCLEARY & DEAVER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$87.2M · 408 accts · $6.4M emplr
2023$67.5M · 378 accts · $6.0M emplr
2022$49.2M · 347 accts · $8.4M emplr
Administrative expenses, itemized · 2024
Investment management$2,329
Total administrative$2,329
The Toyota Research Institute Inc. 401(k) match · 2024
Employer contribution per active participant$22,573
Median for plans this size$3,635
2024$22,573 per active participant
2023$24,501 per active participant
2022$37,054 per active participant

Toyota Research Institute Inc.'s 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024$2,329 · 0.00%
2023$1,960 · 0.00%
2022$1,874 · 0.00%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 810700429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.