Plan Ledger DOL Form 5500 · updated monthly

Affordable Engineering Services, Inc.401(k)

AFFORDABLE ENGINEERING SERVICES, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Affordable Engineering Services, Inc. reported $131,578 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,233 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 0.90%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 4,249th-largest of 9,483 plans among California employers on file, and the 2,366th of 5,337 in construction. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 348 to 410 since 2022.

Plan summary
Net assets, end of year$15,876,000
Participants with balances428
Active participants410
Employer contributions$505,472
Employee contributions$1,429,368
Employer contribution per active participant$1,233
Average account balance$37,093
Benefits paid to participants$1,087,890
Plan auditUnmodified (clean) audit opinion
AuditorJAMES MILLER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 428 accts · $505K emplr
2023$13.2M · 383 accts · $462K emplr
2022$11.6M · 487 accts · $549K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,578
Total administrative$131,578
The Affordable Engineering Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,233
Median for plans this size$2,416
2024$1,233 per active participant
2023$1,477 per active participant
2022$1,578 per active participant

Affordable Engineering Services, Inc.'s 2024 employer contribution ran below the $2,416 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.

Service providers · 20246
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$34,340
JAMES MILLER CPA PC · Accounting / audit$10,750
ECONOMIC GROUP PENSION · Contract administrator$6,477
FLEXPATH STRATEGIES LLC$3,166
ECONOMIC GROUP PENSION · Contract administrator$450

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$131,578 · 0.90%
2023$107,841 · 0.87%
2022$116,012 · 0.91%
Same employer
Similar plansConstruction · California
Fullmer Construction CA$16.2M · 0.45%
Brady Socal, Inc. CA$16.0M · 0.39%
Coffman Specialties, Inc. CA$15.9M · 0.31%
Telstar Instruments CA$15.8M · 0.05%
System Pavers, LLC CA$15.7M · 0.62%
Baker's Burgers, Inc CA$15.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593812042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.