Plan Ledger DOL Form 5500 · updated monthly

Hamann Construction, Inc.401(k)

HAMANN 401(K) PROFIT SHARING PLAN · EL CAJON, CA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Hamann Construction, Inc. reported $17,190 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $858 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 0.11% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,104th of 9,483), and 2,907th of 5,337 in construction. In 2024, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,392,824
Participants with balances251
Active participants464
Employer contributions$398,265
Employee contributions$969,710
Employer contribution per active participant$858
Average account balance$45,390
Benefits paid to participants$644,007
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 251 accts · $398K emplr
2023$9.6M · 213 accts · $370K emplr
2022$7.4M · 201 accts · $331K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,520
Total administrative$17,190
The Hamann Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$858
Median for plans this size$2,416
2024$858 per active participant
2023$726 per active participant
2022$780 per active participant

Hamann Construction, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
FUTUREPLAN BY ASCENSUS · Contract administrator$10,670
AMERICAN FUNDS - CAPITAL GROUP$6,520

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$17,190 · 0.16%
2023$13,360 · 0.16%
2022$8,675 · 0.11%
Similar plansConstruction · California
Menemsha Development Group CA$11.4M · 1.04%
Rlh Fire Protection CA$11.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952275467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.