Plan Ledger DOL Form 5500 · updated monthly

Americor Funding401(k)

AMERICOR FUNDING 401K PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Americor Funding reported $40,605 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $318 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 0.67% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (5,515th of 9,483), and 8,052nd of 11,654 in professional & technical services. In 2024, employees put in $7.28 for every $1.00 the employer contributed; active participation has grown from 632 to 1,108 since 2022.

Plan summary
Net assets, end of year$9,813,561
Participants with balances533
Active participants1,108
Employer contributions$351,963
Employee contributions$2,563,840
Employer contribution per active participant$318
Average account balance$18,412
Benefits paid to participants$1,652,466
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 533 accts · $352K emplr
2023$5.5M · 457 accts · $325K emplr
2022$2.1M · 322 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,605
Total administrative$40,605
The Americor Funding 401(k) match · 2024
Employer contribution per active participant$318
Median for plans this size$1,313
2024$318 per active participant
2023$352 per active participant
2022$218 per active participant

Americor Funding's 2024 employer contribution ran below the $1,313 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,579

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$40,605 · 0.53%
2023$17,312 · 0.45%
2022$10,212 · 0.67%
Same employer
Similar plansProfessional & Technical Services · California
Raintree Systems, Inc. CA$9.8M · 0.42%
U.S. Cad CA$9.8M · 0.76%
Italent Corporation CA$9.8M · 0.54%
Pioneer Works, Inc CA$9.8M · 0.13%
Healthtrio LLC CA$9.8M · 0.57%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 510672811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.