Plan Ledger DOL Form 5500 · updated monthly

Coffman Specialties, Inc.401(k)

COFFMAN SPECIALITIES, INC 401(K) PROFIT SHARING PLAN · SAN DIEGO, CA · plan year 2022

Reported admin expense ratio · 2022
0.31%

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

Coffman Specialties, Inc. reported $52,057 in plan administrative expenses for 2022: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,504 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 0.31% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other construction employers. By assets it is the 4,244th-largest of 9,483 plans among California employers on file, and the 2,361st of 5,337 in construction. In 2022, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,898,692
Participants with balances222
Active participants109
Employer contributions$272,884
Employee contributions$458,286
Employer contribution per active participant$2,504
Average account balance$71,616
Benefits paid to participants$1,270,203
Plan auditUnmodified (clean) audit opinion
AuditorPLATFORM CPA'S LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 169 accts · $272K emplr
2023$14.6M · 203 accts · $276K emplr
2022$15.9M · 222 accts · $273K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$52,057
Total administrative$52,057
The Coffman Specialties, Inc. 401(k) match · 2022
Employer contribution per active participant$2,504
Median for plans this size$2,266
2024$3,356 per active participant
2023$2,584 per active participant
2022$2,504 per active participant

Coffman Specialties, Inc.'s 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$61,678 · 0.42%
2023$59,017 · 0.39%
2022$52,057 · 0.31%
Similar plansConstruction · California
Del Amo Construction, LLC CA$16.3M · 0.62%
Fullmer Construction CA$16.2M · 0.45%
Brady Socal, Inc. CA$16.0M · 0.39%
Telstar Instruments CA$15.8M · 0.05%
System Pavers, LLC CA$15.7M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330483378 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.