Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Solano/Napa Counties Electrical Workers Profit401(k)

SOLANO/NAPA COUNTIES ELECTRICAL WORKERS PROFIT SHARING PLAN · PLEASANTON, CA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Board of Trustees of Solano/Napa Counties Electrical Workers Profit reported $241,825 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,240 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 rose from 0.43% to 0.50%. 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 1,752nd-largest of 9,483 plans among California employers on file, and the 1,044th of 5,337 in construction. In 2024, the employer put in $3.61 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$50,788,037
Participants with balances824
Active participants430
Employer contributions$2,253,276
Employee contributions$624,630
Employer contribution per active participant$5,240
Average account balance$61,636
Benefits paid to participants$2,415,943
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.8M · 824 accts · $2.3M emplr
2023$45.7M · 790 accts · $2.2M emplr
2022$40.5M · 767 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$141,287
Investment management$22,500
Audit (IQPA)$18,663
Trustee / custodial$20,431
Total administrative$241,825
The Board of Trustees of Solano/Napa Counties Electrical Workers Profit 401(k) match · 2024
Employer contribution per active participant$5,240
Median for plans this size$2,416
2024$5,240 per active participant
2023$4,498 per active participant
2022$4,806 per active participant

Board of Trustees of Solano/Napa Counties Electrical Workers Profit's 2024 employer contribution ran above the $2,416 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 · 20247
NWPS · Recordkeeping$61,821
BENESYS, INC. · Contract administrator$67,011
WITHUMSMITH+BROWN, PC · Accounting / audit$31,770
VERUS ADVISORY, INC. · Investment advisory (plan)$22,500
MATRIX TRUST COMPANY · Custodial (securities)$14,541
NEYHART, ANDERSON, FLYNN & GROSBOLL · Legal$10,909
US BANK · Other services$5,890

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$241,825 · 0.50%
2023$235,799 · 0.55%
2022$188,054 · 0.43%
Similar plansConstruction · California
Obayashi Corporation CA$52.2M · 0.23%
Morley Builders, Inc. CA$52.0M · 0.00%
3 Day Blinds LLC CA$51.1M · 0.13%
The Raymond Group CA$48.9M · 0.21%
Bridge Housing Corporation CA$46.5M · 0.03%
Bigge Crane and Rigging Co. CA$44.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 946220673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.