Plan Ledger DOL Form 5500 · updated monthly

E.M. Tharp, Inc.401(k)

E.M. THARP, INC. 401(K) PLAN · PORTERVILLE, CA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

E.M. Tharp, Inc. reported $48,755 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,428 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 0.05% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (5,221st of 9,483), and the 2,466th of 5,215 in retail trade. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,903,386
Participants with balances389
Active participants270
Employer contributions$655,487
Employee contributions$994,889
Employer contribution per active participant$2,428
Average account balance$28,029
Benefits paid to participants$1,384,333
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 389 accts · $655K emplr
2023$9.2M · 330 accts · $613K emplr
2022$7.9M · 321 accts · $545K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,625
Investment management$40,130
Total administrative$48,755
The E.M. Tharp, Inc. 401(k) match · 2024
Employer contribution per active participant$2,428
Median for plans this size$2,416
2024$2,428 per active participant
2023$2,196 per active participant
2022$1,953 per active participant

E.M. Tharp, 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.

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 · 20242
NATIONWIDE · Recordkeeping · Custodial (securities)$76,278
MORGAN STANLEY · Custodial (securities) · 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
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$48,755 · 0.49%
2023$124,058 · 1.46%
2022$3,750 · 0.05%
Same employer
Similar plansRetail Trade · California
Nora Lighting, Inc. CA$11.0M · 0.75%
Frontier Auto Sales CA$10.9M · 0.27%
Event Network, LLC CA$10.9M · 0.74%
Folsom Lake Ford CA$10.9M · 0.02%
Garberville Gas Corporation CA$10.8M · 0.59%
Vuori, Inc. CA$10.8M · 0.49%
Selman Chevrolet Company CA$10.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941218910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.