Plan Ledger DOL Form 5500 · updated monthly

Wendy Mulhall401(k)

VIRGIN GALACTIC, LLC 401(K) PLAN · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Wendy Mulhall reported $136,152 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $8,161 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 0.16% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 998th-largest of 9,483 plans among California employers on file, and the 205th of 786 in management of companies. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has shrunk from 1,158 to 741 since 2022.

Plan summary
Net assets, end of year$100,632,587
Participants with balances1,176
Active participants741
Employer contributions$6,047,515
Employee contributions$9,972,094
Employer contribution per active participant$8,161
Average account balance$85,572
Benefits paid to participants$17,633,502
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$100.6M · 1,176 accts · $6.0M emplr
2023$88.7M · 1,358 accts · $7.6M emplr
2022$63.6M · 1,383 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,033
Investment management$79,119
Total administrative$136,152
The Wendy Mulhall 401(k) match · 2024
Employer contribution per active participant$8,161
Median for plans this size$3,635
2024$8,161 per active participant
2023$7,510 per active participant
2022$5,038 per active participant

Wendy Mulhall'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.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$57,033
RAYMOND JAMES & ASSOCIATES,INC · Investment advisory (plan)$50,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$29,119

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$136,152 · 0.14%
2023$131,925 · 0.17%
2022$106,145 · 0.16%
Same employer
Similar plansManagement of Companies · California
Meruelo Group LLC CA$124.5M · 0.19%
Nantworks, LLC CA$122.0M · 0.08%
Fernandez Holdings, Inc. CA$121.4M · 0.53%
Data Analysis, Inc. CA$102.3M · 0.06%
Meruelo Enterprises, Inc. CA$87.9M · 0.46%
Tcmi, Inc. CA$53.8M · 0.01%
Sega of America, Inc. CA$39.3M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 842252157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.