Plan Ledger DOL Form 5500 · updated monthly

Westcliff Management Group401(k)

WESTCLIFF UNIVERSITY 401(K) PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
1.22%

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

Westcliff Management Group reported $97,367 in plan administrative expenses for 2024: 1.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $761 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 3 years on file its reported administrative ratio has held roughly steady near 1.223%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in California (5,830th of 9,483), and 2,212th of 3,091 in educational services. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has grown from 447 to 626 since 2022.

Plan summary
Net assets, end of year$8,698,152
Participants with balances272
Active participants626
Employer contributions$476,544
Employee contributions$1,450,162
Employer contribution per active participant$761
Average account balance$31,979
Benefits paid to participants$1,376,840
Plan auditUnmodified (clean) audit opinion
AuditorPORTER & HUNT, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 272 accts · $477K emplr
2023$7.2M · 212 accts · $364K emplr
2022$5.7M · 167 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,779
Investment management$1,588
Total administrative$97,367
The Westcliff Management Group 401(k) match · 2024
Employer contribution per active participant$761
Median for plans this size$1,313
2024$761 per active participant
2023$654 per active participant
2022$648 per active participant

Westcliff Management Group's 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK USA · Recordkeeping · Investment management$1,866

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,367 · 1.22%
2023$83,919 · 1.30%
2022$72,716 · 1.22%
Same employer
Similar plansEducational Services · California
Point Quest, Inc. CA$8.8M · 0.63%
Park Day School CA$8.7M · 0.41%
American Film Institute CA$8.6M · 0.01%
Achievekids CA$8.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460658370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.