Plan Ledger DOL Form 5500 · updated monthly

Tyson & Mendes LLP401(k)

TYSON & MENDES LLP 401(K) PROFIT SHARING PLAN AND TRUST · LA JOLLA, CA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Tyson & Mendes LLP reported $168,098 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,742 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 0.46% to 0.55%. 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 2,297th-largest of 9,483 plans among California employers on file, and the 3,567th of 11,654 in professional & technical services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 372 to 490 since 2022.

Plan summary
Net assets, end of year$36,366,318
Participants with balances584
Active participants490
Employer contributions$1,833,433
Employee contributions$3,753,899
Employer contribution per active participant$3,742
Average account balance$62,271
Benefits paid to participants$1,486,610
Plan auditUnmodified (clean) audit opinion
AuditorMELETIS & MUNSCH
Plan history3
Yearassets · accounts · employer contribution
2024$36.4M · 584 accts · $1.8M emplr
2023$24.3M · 511 accts · $1.5M emplr
2022$17.2M · 468 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,648
Investment management$105,450
Total administrative$168,098
The Tyson & Mendes LLP 401(k) match · 2024
Employer contribution per active participant$3,742
Median for plans this size$2,416
2024$3,742 per active participant
2023$3,607 per active participant
2022$6,973 per active participant

Tyson & Mendes LLP's 2024 employer contribution ran above 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 · 20243
MUNDOVAL CAPITAL MANAGEMENT, INC. · Recordkeeping · Trustee$105,450
ADP, INC. · Loan processing · Recordkeeping$62,647
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, MUNDOVAL CAPITAL MANAGEMENT, INC.
2023ADP, MUNDOVAL CAPITAL MANAGEMENT, INC.

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Administrative cost history3
2024$168,098 · 0.55%
2023$103,358 · 0.50%
2022$80,348 · 0.46%
Same employer
Similar plansProfessional & Technical Services · California
Rxsight, Inc. CA$36.8M · 0.45%
Durect Corporation CA$36.8M · 0.11%
Dannis Woliver Kelley CA$36.6M · 0.15%
Nurix Therapeutics, Inc. CA$36.5M · 0.01%
Walkme, Inc CA$36.3M · 0.04%
Gmto Corporation CA$36.2M · 0.05%
Realtimeboard Inc. CA$36.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202119209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.