Plan Ledger DOL Form 5500 · updated monthly

Ernest Packaging401(k)

ERNEST PAPER PRODUCTS, INC. RETIREMENT PLAN · COMMERCE, CA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Ernest Packaging reported $119,728 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,973 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 0.29%. 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 1,922nd-largest of 9,483 plans among California employers on file, and the 408th of 2,677 in transportation & warehousing. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 461 to 539 since 2022.

Plan summary
Net assets, end of year$45,035,934
Participants with balances655
Active participants539
Employer contributions$1,602,557
Employee contributions$3,592,625
Employer contribution per active participant$2,973
Average account balance$68,757
Benefits paid to participants$4,038,075
Plan auditUnmodified (clean) audit opinion
AuditorWINDES
Plan history3
Yearassets · accounts · employer contribution
2024$45.0M · 655 accts · $1.6M emplr
2023$37.9M · 685 accts · $657K emplr
2022$31.8M · 570 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,267
Investment management$62,461
Total administrative$119,728
The Ernest Packaging 401(k) match · 2024
Employer contribution per active participant$2,973
Median for plans this size$2,416
2024$2,973 per active participant
2023$1,257 per active participant
2022$718 per active participant

Ernest Packaging'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 · 20244
LPL FINANCIAL · Investment advisory (plan)$75,128
EMPOWER ADVISORY GROUP, LLC · Investment management$15,187
RETIREMENT WELLNESS GROUP LLC$6,000

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

Administrative cost history3
2024$119,728 · 0.29%
2023$97,465 · 0.28%
2022$99,060 · 0.28%
Same employer
Similar plansTransportation & Warehousing · California
Vieco USA, Inc. CA$47.1M · 0.23%
Relativity Space, Inc. CA$46.8M · 0.09%
Hawaii Stevedores, Inc. CA$45.5M · 0.06%
Dart Warehouse Corporation CA$40.4M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951536052 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.