Plan Ledger DOL Form 5500 · updated monthly

Best Contracting Services, Inc.401(k)

BEST CONTRACTING SERVICES, INC. PROFIT SHARING 401(K) PLAN · GARDENA, CA · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Best Contracting Services, Inc. reported $51,542 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $15,277 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 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (6,241st of 9,483), and 3,518th of 5,337 in construction. In 2024, the employer put in $5.19 for every $1.00 employees contributed themselves; active participation has shrunk from 102 to 87 since 2022.

Plan summary
Net assets, end of year$7,317,393
Participants with balances133
Active participants87
Employer contributions$1,329,058
Employee contributions$256,205
Employer contribution per active participant$15,277
Average account balance$55,018
Benefits paid to participants$667,164
Plan auditUnmodified (clean) audit opinion
AuditorPOOLER CPA GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 133 accts · $1.3M emplr
2023$5.7M · 105 accts
2022$4.9M · 107 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,747
Investment management$30,692
Total administrative$51,542
The Best Contracting Services, Inc. 401(k) match · 2024
Employer contribution per active participant$15,277
Median for plans this size$1,313

Best Contracting Services, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$5,983
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processingindirect comp
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$10,298

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

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,542 · 0.79%
2023$49,109 · 0.93%
2022$43,179 · 0.77%
Similar plansConstruction · California
Don's Mobile Glass, Inc. CA$7.5M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953781209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.