Plan Ledger DOL Form 5500 · updated monthly

Albert D. Seeno Construction Co., Inc.401(k)

ALBERT D. SEENO CONSTRUCTION COMPANY INC. 401K PLAN · CONCORD, CA · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Albert D. Seeno Construction Co., Inc. reported $2,098 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $44 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 rose from 0.02% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,107th of 9,483), and 2,911th of 5,337 in construction. In 2023, employees put in $117.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,382,768
Participants with balances179
Active participants157
Employer contributions$6,915
Employee contributions$815,315
Employer contribution per active participant$44
Average account balance$63,591
Benefits paid to participants$790,082
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSTON, GREMAUX & ROSSI
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 38 accts · $1K emplr
2023$11.4M · 179 accts · $7K emplr
2022$10.1M · 165 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,098
Total administrative$2,098
The Albert D. Seeno Construction Co., Inc. 401(k) match · 2023
Employer contribution per active participant$44
Median for plans this size$2,440
2024$1,104 per active participant
2023$44 per active participant

Albert D. Seeno Construction Co., Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK · Recordkeeping · Loan processing$2,098

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$12,857 · 0.19%
2023$2,098 · 0.02%
2022$1,731 · 0.02%
Similar plansConstruction · California
Hamann Construction, Inc. CA$11.4M · 0.16%
Menemsha Development Group CA$11.4M · 1.04%
Rlh Fire Protection CA$11.2M · 0.55%
Discovery Builders, Inc. CA$11.2M · 0.55%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 941493940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.