Plan Ledger DOL Form 5500 · updated monthly

Amigos Development Corporation401(k)

AMIGOS DEVELOPMENT CORPORATION 401(K) PLAN · NORCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Amigos Development Corporation reported $116,491 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $446 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 0.54%. 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 3,276th-largest of 9,483 plans among California employers on file, and the 1,825th of 5,337 in construction. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,156,295
Participants with balances387
Active participants1,530
Employer contributions$683,066
Employee contributions$1,740,463
Employer contribution per active participant$446
Average account balance$59,835
Benefits paid to participants$946,006
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 387 accts · $683K emplr
2023$19.9M · 364 accts · $626K emplr
2022$16.8M · 332 accts · $656K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,039
Investment management$40,513
Audit (IQPA)$17,939
Total administrative$116,491
The Amigos Development Corporation 401(k) match · 2024
Employer contribution per active participant$446
Median for plans this size$2,416
2024$446 per active participant
2023$432 per active participant
2022$391 per active participant

Amigos Development Corporation'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 · 20244
MORGAN STANLEY · Investment advisory (plan)$40,513
CLIFTON LARSON ALLEN WEALTH ADVISOR · Accounting / audit$17,939
QUALIFIED SERVICES INC DBA HICKS · Contract administrator$15,795

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$116,491 · 0.54%
2023$71,371 · 0.39%
2022$116,647 · 0.67%
Same employer
Similar plansConstruction · California
Standard Drywall, Inc. CA$23.9M · 0.40%
R.J. Noble Company CA$23.9M · 0.57%
Gci, Inc. CA$23.7M · 0.39%
Silverado Contractors, Inc. CA$23.5M · 0.25%
Robert a. Bothman, Inc. CA$23.2M · 0.24%
Sobrato Organization CA$23.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010557729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.