Plan Ledger DOL Form 5500 · updated monthly

Futek Advanced Sensor Technology Incorporation401(k)

FUTEK ADVANCED SENSOR TECHNOLOGY INCORPORATION RETIREMENT SAVINGS PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Futek Advanced Sensor Technology Incorporation reported $38,865 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,100 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 0.27% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 4,489th-largest of 9,483 plans among California employers on file, and 7,277th of 13,661 in manufacturing. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,344,455
Participants with balances171
Active participants156
Employer contributions$483,576
Employee contributions$1,037,822
Employer contribution per active participant$3,100
Average account balance$83,886
Benefits paid to participants$524,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 171 accts · $484K emplr
2023$11.6M · 173 accts · $485K emplr
2022$9.0M · 166 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,990
Total administrative$38,865
The Futek Advanced Sensor Technology Incorporation 401(k) match · 2024
Employer contribution per active participant$3,100
Median for plans this size$2,416
2024$3,100 per active participant
2023$2,996 per active participant
2022$2,836 per active participant

Futek Advanced Sensor Technology Incorporation'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 · 20241

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$38,865 · 0.30%
2023$31,453 · 0.31%
2022$25,302 · 0.27%
Same employer
Similar plansManufacturing · California
La Terra Fina USA, LLC CA$14.5M · 0.39%
Alatus Aerosystems CA$14.4M · 0.36%
Tri Tool Inc. CA$14.4M · 0.07%
Maxeon Americas, Inc. CA$14.3M · 0.04%
Cb Nichols Egg Ranch CA$14.3M · 0.54%
Neurelis, Inc. CA$14.2M · 0.34%
Parco, LLC CA$14.2M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330688872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.