Plan Ledger DOL Form 5500 · updated monthly

California Sheet Metal Works, Inc.ESOP

CALIFORNIA SHEET METAL WORKS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · EL CAJON, CA · plan year 2024

Employer contribution per participant · 2024
$2,581

California Sheet Metal Works, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $37,766,485 across 165 participant accounts, with employer contributions averaging $2,581 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 2,240th-largest of 9,483 plans among California employers on file, and the 1,293rd of 5,337 in construction. active participation has grown from 74 to 107 since 2022.

Plan summary
Net assets, end of year$37,766,485
Participants with balances165
Active participants107
Employer contributions$276,192
Employee contributions—
Employer contribution per active participant$2,581
Average account balance$228,888
Benefits paid to participants$2,272,700
Plan auditUnmodified (clean) audit opinion
AuditorPKF SAN DIEGO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$37.8M · 165 accts · $276K emplr
2023$26.4M · 159 accts · $183K emplr
2022$19.6M · 163 accts · $729K emplr
Employer contributions to the California Sheet Metal Works, Inc. plan · 2024
Employer contribution per active participant$2,581
Median for plans this size$2,416
2024$2,581 per active participant
2023$1,994 per active participant
2022$9,850 per active participant

California Sheet Metal Works, Inc.'s 2024 employer contribution ran above the $2,416 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansConstruction · California
The Don Chapin Co., Inc. CA$38.6M · 0.28%
Vellutini Corporation CA$38.1M · 0.28%
American Incorporated CA$38.0M · 0.35%
Vortex Industries, LLC CA$37.4M · 0.37%
The Arcticom Group, LLC CA$36.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952043027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.