Plan Ledger DOL Form 5500 · updated monthly

Walter Timmons Enterprises, Inc. dba Timmons of Longbeach401(k)

TIMMONS OF LONG BEACH 401(K) PLAN · LONG BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.54%

Walter Timmons Enterprises, Inc. dba Timmons of Longbeach reported $28,468 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. 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 0.22% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (6,856th of 9,483), and 3,636th of 5,215 in retail trade. active participation has shrunk from 83 to 67 since 2022.

Plan summary
Net assets, end of year$5,456,039
Participants with balances136
Active participants67
Employer contributions—
Employee contributions$294,889
Employer contribution per active participant—
Average account balance$40,118
Benefits paid to participants$652,341
Plan auditUnmodified (clean) audit opinion
AuditorLSL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 136 accts
2023$5.0M · 140 accts
2022$4.2M · 139 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,151
Investment management$917
Total administrative$28,468
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 · 20241
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)$28,469

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$28,468 · 0.54%
2023$23,612 · 0.51%
2022$10,950 · 0.22%
Similar plansRetail Trade · California
Sangera Automotive Group CA$5.6M · 0.60%
Avalon Apparel, LLC CA$5.5M · 0.04%
Exclusive Wireless, Inc, CA$5.4M · 0.99%
Truckee-Tahoe Lumber Co. CA$5.4M · 0.65%
Shopmonkey Inc. CA$5.4M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953163236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.