Plan Ledger DOL Form 5500 · updated monthly

Baker Places, Inc.403(b)

BAKER PLACES 403(B) PLAN · SAN FRANCISCO, CA · plan year 2023

Reported admin expense ratio · 2023
1.07%

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

Baker Places, Inc. reported $53,481 in plan administrative expenses for 2023: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,195 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 has held roughly steady near 1.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (6,940th of 9,483), and 7,802nd of 11,911 in health care & social assistance. In 2023, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,183,182
Participants with balances191
Active participants157
Employer contributions$187,563
Employee contributions$226,877
Employer contribution per active participant$1,195
Average account balance$27,137
Benefits paid to participants$638,861
Plan auditUnmodified (clean) audit opinion
AuditorHARSHWALL & COMPANY LLP CPA
Plan history2
Yearassets · accounts · employer contribution
2023$5.2M · 191 accts · $188K emplr
2022$4.8M · 267 accts · $282K emplr
Administrative expenses, itemized · 2023
Investment management$53,481
Total administrative$53,481
Employer contributions to the Baker Places, Inc. plan · 2023
Employer contribution per active participant$1,195
Median for plans this size$1,308
2023$1,195 per active participant
2022$1,159 per active participant

Baker Places, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size. 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 · 20234
PEERY & ASSOCIATES, INC. · Recordkeeping$5,003
NATIONAL BENEFIT SERVICES, LLC · Recordkeeping · Other services$1,500
LINCOLN NATIONAL CORPORATION · Contract administrator$46,978
PENSIONMARK FINANCIAL GROUP · Investment advisory (participants) · Investment advisory (plan)$19,470

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$53,481 · 1.07%
2022$49,286 · 1.05%
Same employer
Similar plansHealth Care & Social Assistance · California
Synovation Holdings, LLC CA$5.2M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941694551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.