Plan Ledger DOL Form 5500 · updated monthly

Burdick Painting401(k)

BURDICK PAINTING 401(K) RETIREMENT PLAN · SANTA CLARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.91%

Burdick Painting reported $28,380 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~75% of peers. 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 0.86% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (7,678th of 9,483), and 10,407th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$3,348,643
Participants with balances93
Active participants180
Employer contributions—
Employee contributions$278,979
Employer contribution per active participant—
Average account balance$36,007
Benefits paid to participants$99,094
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 93 accts
2023$2.9M · 104 accts
2022$2.3M · 109 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,380
Total administrative$28,380
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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$28,380
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)indirect comp
INDEPENDENT FINANCIAL GROUP, INC. · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$28,380 · 0.91%
2023$22,614 · 0.87%
2022$20,795 · 0.86%
Same employer
Similar plansProfessional & Technical Services · California
Beach Haus, LLC CA$3.4M · 1.14%
Synectic Solutions CA$3.4M · 0.07%
Bay Area Tech Workers CA$3.4M · 0.60%
Clutch CA$3.3M · 0.51%
100 Thieves, Inc. CA$3.3M · 0.14%
Sleep Data Holdings, LLC CA$3.3M · 0.91%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 942452267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.