Plan Ledger DOL Form 5500 · updated monthly

California Faucets, Inc.401(k)

CALIFORNIA FAUCETS, INC. 401(K) PROFIT SHARING PLAN · HUNTINGTON BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

California Faucets, Inc. reported $68,155 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,805 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 fell from 0.93% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (5,746th of 9,483), and 3,064th of 4,246 in wholesale trade. In 2024, the employer put in $1.38 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,966,626
Participants with balances280
Active participants231
Employer contributions$878,920
Employee contributions$637,913
Employer contribution per active participant$3,805
Average account balance$32,024
Benefits paid to participants$163,956
Plan auditUnmodified (clean) audit opinion
AuditorCALIBER AUDIT AND ATTEST LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 280 accts · $879K emplr
2023$6.9M · 255 accts · $644K emplr
2022$5.1M · 212 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,398
Investment management$11,757
Audit (IQPA)$20,000
Total administrative$68,155
The California Faucets, Inc. 401(k) match · 2024
Employer contribution per active participant$3,805
Median for plans this size$1,313
2024$3,805 per active participant
2023$3,023 per active participant
2022$1,137 per active participant

California Faucets, 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 · 20244
THE VANGUARD GROUP · Recordkeeping · Custodial (securities)$13,518
PACIFIC BENEFIT SERVICES, INC.$21,800
CALIBER AUDIT AND ATTEST LLP · Accounting / audit$20,000
RAYMOND JAMES & ASSOCIATES · Custodial (securities)$11,757

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$68,155 · 0.86%
2023$48,759 · 0.81%
2022$49,551 · 0.93%
Same employer
Similar plansWholesale Trade · California
Rio Vista Ventures, LLC CA$9.1M · 0.01%
Worldwise Holdings, Inc. CA$9.1M · 0.47%
Blue Mountain Arts, Inc. CA$9.0M · 0.01%
Cass, Inc. CA$8.8M · 0.43%
Incentive Promotions Inc CA$8.8M · 0.57%
Lollicup USA, Inc. CA$8.7M · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330294654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.