Plan Ledger DOL Form 5500 · updated monthly

Funai Corporation401(k)

FUNAI CORPORATION, INC. 401K AND PROFIT SHARING PLAN · SANTA FE SPRINGS, CA · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

Funai Corporation reported $158,541 in plan administrative expenses for 2023: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,257 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 0.71% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 3,215th-largest of 9,483 plans among California employers on file, and the 1,641st of 4,246 in wholesale trade. In 2023, employees put in $4.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,806,879
Participants with balances191
Active participants119
Employer contributions$268,526
Employee contributions$1,177,960
Employer contribution per active participant$2,257
Average account balance$124,643
Benefits paid to participants$1,892,671
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 162 accts · $272K emplr
2023$23.8M · 191 accts · $269K emplr
2022$20.8M · 185 accts · $265K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$83,541
Investment management$75,000
Total administrative$158,541
The Funai Corporation 401(k) match · 2023
Employer contribution per active participant$2,257
Median for plans this size$2,440
2024$2,636 per active participant
2023$2,257 per active participant
2022$2,386 per active participant

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

Service providers · 20232
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$83,657
NFP RETIREMENT, INC. · Investment advisory (plan)$75,000

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$183,021 · 0.80%
2023$158,541 · 0.71%
2022$154,823 · 0.71%
Similar plansWholesale Trade · California
Ssf Imported Auto Parts LLC CA$24.9M · 0.37%
Alcal Industries, Inc. CA$24.8M · 0.41%
Pusan Pipe America, Inc. CA$24.4M · 0.20%
Benq America Corp CA$24.0M · 0.08%
Enstall US, Inc. CA$23.7M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262818386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.