Plan Ledger DOL Form 5500 · updated monthly

G - L Veneer Co., Inc.401(k)

G - L VENEER CO., INC. PROFIT SHARING 401(K) PLAN · HUNTINGTON PARK, CA · plan year 2022

Reported admin expense ratio · 2022
0.32%

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

G - L Veneer Co., Inc. reported $11,368 in plan administrative expenses for 2022: 0.32% of average plan assets, below the peer median. Employer contributions averaged $1,283 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (7,644th of 9,483), and 12,050th of 13,661 in manufacturing. In 2022, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,425,229
Participants with balances64
Active participants89
Employer contributions$114,194
Employee contributions$229,666
Employer contribution per active participant$1,283
Average account balance$53,519
Benefits paid to participants$224,945
Plan auditUnmodified (clean) audit opinion
AuditorCLUMECK, STERN, SCHENKELBERG & GETZ
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,368
Total administrative$11,368
The G - L Veneer Co., Inc. 401(k) match · 2022
Employer contribution per active participant$1,283
Median for plans this size$1,114

G - L Veneer Co., Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$11,368 · 0.32%
Same employer
Similar plansManufacturing · California
Psm Industries, Inc. CA$3.5M · 0.96%
Candor-Ags, Inc. CA$3.5M · 1.36%
J.J.'S Mae Inc. CA$3.4M · 0.11%
Con-Fab California, LLC CA$3.4M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953093749 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.