Plan Ledger DOL Form 5500 · updated monthly

Discovery Builders, Inc.401(k)

DISCOVERY BUILDERS, INC. 401 K PLAN · ALAMO, CA · plan year 2023

Reported admin expense ratio · 2023
0.55%

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

Discovery Builders, Inc. reported $55,551 in plan administrative expenses for 2023: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $280 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 3 years on file its reported administrative ratio has held roughly steady near 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,151st of 9,483), and 2,933rd of 5,337 in construction. In 2023, employees put in $24.21 for every $1.00 the employer contributed; active participation has grown from 118 to 134 since 2022.

Plan summary
Net assets, end of year$11,179,585
Participants with balances180
Active participants134
Employer contributions$37,559
Employee contributions$909,360
Employer contribution per active participant$280
Average account balance$62,109
Benefits paid to participants$390,729
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSTON, GREMAUX & ROSSI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 146 accts
2023$11.2M · 180 accts · $38K emplr
2022$9.0M · 150 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$55,551
Total administrative$55,551
The Discovery Builders, Inc. 401(k) match · 2023
Employer contribution per active participant$280
Median for plans this size$2,440

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

Service providers · 20232
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$55,551
AMERIPRISE FINANCIAL SERVICES, INC. · Investment advisory (plan)indirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$61,567 · 0.55%
2023$55,551 · 0.55%
2022$54,327 · 0.57%
Same employer
Similar plansConstruction · California
Menemsha Development Group CA$11.4M · 1.04%
Rlh Fire Protection CA$11.2M · 0.55%
Synergy Companies CA$11.0M · 0.50%
Iron Mechanical, Inc. CA$11.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680406953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.