Plan Ledger DOL Form 5500 · updated monthly

Harbor Electronics, Inc.401(k)

HARBOR ELECTRONICS, INC. 401(K) PLAN · SANTA CLARA, CA · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Harbor Electronics, Inc. reported $32,723 in plan administrative expenses for 2023: 0.35% of average plan assets, below the peer median. Employer contributions averaged $614 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 0.18% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,384th of 9,483), and 8,668th of 13,661 in manufacturing. In 2023, employees put in $9.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,244,583
Participants with balances169
Active participants135
Employer contributions$82,882
Employee contributions$787,182
Employer contribution per active participant$614
Average account balance$60,619
Benefits paid to participants$220,836
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 159 accts · $214K emplr
2023$10.2M · 169 accts · $83K emplr
2022$8.4M · 194 accts · $266K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,723
Investment management$20,000
Total administrative$32,723
The Harbor Electronics, Inc. 401(k) match · 2023
Employer contribution per active participant$614
Median for plans this size$1,308
2024$1,682 per active participant
2023$614 per active participant
2022$1,789 per active participant

Harbor Electronics, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MWG RETIREMENT PLAN SERVICES · Recordkeeping$12,723
FORESIGHT WEALTH MANAGEMENT · Investment advisory (plan)$20,000

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

Recordkeeper by year2
2024MWG RETIREMENT PLAN SERVICES
2023MWG RETIREMENT PLAN SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$28,367 · 0.28%
2023$32,723 · 0.35%
2022$15,606 · 0.18%
Same employer
Similar plansManufacturing · California
Flavor Producers, LLC CA$10.3M · 0.07%
Aalp, LLC CA$10.3M · 0.73%
Olukai LLC CA$10.3M · 0.03%
Esl Power Systems Inc. CA$10.2M · 0.37%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 474899457 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.