Plan Ledger DOL Form 5500 · updated monthly

Urban Plates, LLC401(k)

URBAN PLATES 401(K) PLAN · SOLANA BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Urban Plates, LLC reported $15,603 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 0.86% to 1.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in California (8,485th of 9,483), and 1,534th of 2,240 in accommodation & food services. active participation has grown from 324 to 602 since 2022.

Plan summary
Net assets, end of year$1,623,843
Participants with balances106
Active participants602
Employer contributions$0
Employee contributions$336,512
Employer contribution per active participant$0
Average account balance$15,319
Benefits paid to participants$110,046
Plan auditUnmodified (clean) audit opinion
AuditorLSL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 106 accts
2023$1.1M · 101 accts · $2K emplr
2022$680K · 109 accts · $868 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,448
Investment management$155
Total administrative$15,603
The Urban Plates, LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$4 per active participant
2022$3 per active participant

Urban Plates, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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$15,603 · 1.15%
2023$7,399 · 0.84%
2022$5,417 · 0.86%
Same employer
Similar plansAccommodation & Food Services · California
Excalibur Pizza, LLC CA$1.8M · 0.80%
Awesome Office, Inc. CA$1.7M · 1.22%
Mwh, LLC CA$1.7M · 2.85%
The Garland CA$1.6M · 1.16%
Hardage Hospitality, LLC CA$1.6M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831638158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.