Plan Ledger DOL Form 5500 · updated monthly

A-C Electric CompanyProfit-sharing plan

A-C ELECTRIC PROFIT SHARING COMPANY · BAKERSFIELD, CA · plan year 2023

Reported admin expense ratio · 2023
0.32%

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

A-C Electric Company reported $17,158 in plan administrative expenses for 2023: 0.32% of average plan assets, below the peer median. Employer contributions averaged $3,404 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 1 year on file its reported administrative ratio rose from 0.22% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (6,885th of 9,483), and 3,908th of 5,337 in construction.

Plan summary
Net assets, end of year$5,364,217
Participants with balances0
Active participants198
Employer contributions$673,971
Employee contributions—
Employer contribution per active participant$3,404
Average account balance—
Benefits paid to participants$713,549
Plan auditUnmodified (clean) audit opinion
AuditorDANIELLS PHILLIPS VAUGHN BOCK
Plan history2
Yearassets · accounts · employer contribution
2023$5.4M · $674K emplr
2022$5.3M · 288 accts · $360K emplr
Administrative expenses, itemized · 2023
Investment management$17,158
Total administrative$17,158
Employer contributions to the A-C Electric Company plan · 2023
Employer contribution per active participant$3,404
Median for plans this size$1,308
2023$3,404 per active participant
2022$1,667 per active participant

A-C Electric Company's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$17,158 · 0.32%
2022$11,551 · 0.22%
Same employer
Similar plansConstruction · California
Irish Construction CA$5.5M · 1.46%
T. McGee Electric, Inc CA$5.3M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951531419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.