Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Central California Ibew-Neca401(k)

CENTRAL CALIFORNIA IBEW-NECA PROFIT SHARING PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Board of Trustees, Central California Ibew-Neca reported $162,818 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $2,985 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 0.222%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 1,254th-largest of 9,483 plans among California employers on file, and the 777th of 5,337 in construction. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has shrunk from 588 to 477 since 2022.

Plan summary
Net assets, end of year$75,529,427
Participants with balances0
Active participants477
Employer contributions$1,424,072
Employee contributions$1,525,663
Employer contribution per active participant$2,985
Average account balance—
Benefits paid to participants$3,364,474
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$75.5M · $1.4M emplr
2023$71.0M · $1.2M emplr
2022$64.4M · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,184
Investment management$37,563
Audit (IQPA)$17,450
Total administrative$162,818
The Board of Trustees, Central California Ibew-Neca 401(k) match · 2024
Employer contribution per active participant$2,985
Median for plans this size$3,635
2024$2,985 per active participant
2023$1,946 per active participant
2022$3,101 per active participant

Board of Trustees, Central California Ibew-Neca's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
UNITED ADMINISTRATIVE SERVICES · Contract administrator$31,208
BERLA INVESTMENT CONSULTING · Investment advisory (plan)$28,000
MILLER KAPLAN ARASE LLP · Accounting / audit$26,972
U.S. BANK NATIONAL ASSOCIATION · Custodial (securities)$10,363
NEYHART, ANDERSON, FLYNN & GROSBOLL · Legal$7,403
SMART SOURCE CRITICAL COMMUNICATION · Other services$5,660

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$162,818 · 0.22%
2023$150,627 · 0.22%
2022$151,256 · 0.22%
Similar plansConstruction · California
Gonsalves & Santucci, Inc. CA$72.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956209008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.