Plan Ledger DOL Form 5500 · updated monthly

Black Diamond Electric, Inc.401(k)

BLACK DIAMOND ELECTRIC 401(K) PLAN · ANTIOCH, CA · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Black Diamond Electric, Inc. reported $71,561 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $787 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 0.70%. 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 among the smaller plans on file in California (5,098th of 9,483), and 2,904th of 5,337 in construction. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,416,804
Participants with balances176
Active participants487
Employer contributions$383,166
Employee contributions$778,853
Employer contribution per active participant$787
Average account balance$64,868
Benefits paid to participants$128,830
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 176 accts · $383K emplr
2023$9.2M · 169 accts · $332K emplr
2022$7.4M · 171 accts · $353K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,494
Audit (IQPA)$7,067
Total administrative$71,561
The Black Diamond Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$787
Median for plans this size$2,416
2024$787 per active participant
2023$617 per active participant
2022$785 per active participant

Black Diamond Electric, Inc.'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 · 20243
AT RETIREMENT SERVICES, LLC · Claims processing · Recordkeeping$30,815
FORUSALL ADVISORS LLC · Contract administrator · Investment advisory (plan)$33,679
PENSION ASSURANCE LLP · Accounting / audit$7,067

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

Recordkeeper by year2
2024AT RETIREMENT SERVICES, LLC
2023AT RETIREMENT SERVICES, LLC

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

Administrative cost history3
2024$71,561 · 0.70%
2023$62,829 · 0.76%
2022$51,365 · 0.67%
Similar plansConstruction · California
Hamann Construction, Inc. CA$11.4M · 0.16%
Menemsha Development Group CA$11.4M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680387285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.