Plan Ledger DOL Form 5500 · updated monthly

Chipman Corporation401(k)

CHIPMAN CORPORATION 401(K) PROFIT SHARING PLAN · SAN RAMON, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Chipman Corporation reported $6,505 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $439 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 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 3,947th-largest of 9,483 plans among California employers on file, and the 811th of 2,677 in transportation & warehousing. In 2024, employees put in $13.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,768,556
Participants with balances176
Active participants144
Employer contributions$63,253
Employee contributions$879,699
Employer contribution per active participant$439
Average account balance$100,958
Benefits paid to participants$1,930,079
Plan auditUnmodified (clean) audit opinion
AuditorLANTAN AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 176 accts · $63K emplr
2023$16.4M · 189 accts · $67K emplr
2022$14.3M · 190 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,505
Total administrative$6,505
The Chipman Corporation 401(k) match · 2024
Employer contribution per active participant$439
Median for plans this size$2,416
2024$439 per active participant
2023$437 per active participant
2022$464 per active participant

Chipman Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
STANCORP FINANCIAL GROUP · Custodial · Claims processing$73,547

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$6,505 · 0.04%
2023$6,160 · 0.04%
2022$5,094 · 0.03%
Same employer
Similar plansTransportation & Warehousing · California
L.E. Coppersmith, Inc. CA$18.1M · 0.42%
Corodata Corporation CA$17.9M · 0.07%
Nor-Cal Moving Services CA$17.8M · 0.24%
Osterkamp Trucking Inc. CA$17.0M · 0.61%
Air New Zealand LTD CA$17.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942222256 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.