Plan Ledger DOL Form 5500 · updated monthly

Cemtek Systems, Inc.401(k)

CEMTEK SYSTEMS, INC. 401(K) PROFIT SHARING PLAN · SANTA ANA, CA · plan year 2023

Reported admin expense ratio · 2023
0.05%

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

Cemtek Systems, Inc. reported $4,895 in plan administrative expenses for 2023: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,329 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 1 year on file its reported administrative ratio fell from 0.13% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (4,929th of 9,483), and 7,314th of 11,654 in professional & technical services. In 2023, employees put in $2.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,263,074
Participants with balances146
Active participants141
Employer contributions$328,430
Employee contributions$953,482
Employer contribution per active participant$2,329
Average account balance$83,994
Benefits paid to participants$254,928
Plan auditUnmodified (clean) audit opinion
AuditorDBBMCKENNON
Plan history2
Yearassets · accounts · employer contribution
2023$12.3M · 146 accts · $328K emplr
2022$9.5M · 155 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,895
Total administrative$4,895
The Cemtek Systems, Inc. 401(k) match · 2023
Employer contribution per active participant$2,329
Median for plans this size$2,440

Cemtek Systems, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,895
KANE, ANTHONY E. · Other servicesindirect comp

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

Administrative cost history2
2023$4,895 · 0.05%
2022$13,158 · 0.13%
Similar plansProfessional & Technical Services · California
VISION33, Inc. CA$12.3M · 0.49%
Perfect Day, Inc. CA$12.3M · 0.35%
Alltrails, Inc CA$12.3M · 0.09%
Sharethrough USA, Inc. CA$12.3M · 0.42%
Atrium Insight Inc. CA$12.2M · 0.06%
The Barnes Firm Lc CA$12.2M · 0.97%
Trussworks, Inc. CA$12.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223632989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.