Plan Ledger DOL Form 5500 · updated monthly

Hassan & Sons, Inc.401(k)

HASSAN & SONS 401(K) PLAN · ORANGE, CA · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

Hassan & Sons, Inc. reported $90,439 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $358 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 0.99% to 1.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (5,574th of 9,483), and 2,715th of 5,215 in retail trade. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 699 to 2,443 since 2022.

Plan summary
Net assets, end of year$9,572,128
Participants with balances606
Active participants2,443
Employer contributions$874,285
Employee contributions$1,791,975
Employer contribution per active participant$358
Average account balance$15,796
Benefits paid to participants$512,931
Plan auditUnmodified (clean) audit opinion
AuditorVASQUEZ & COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 606 accts · $874K emplr
2023$5.1M · 239 accts · $437K emplr
2022$3.6M · 206 accts · $348K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,621
Investment management$16,818
Total administrative$90,439
The Hassan & Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$358
Median for plans this size$1,313
2024$358 per active participant
2023$495 per active participant
2022$497 per active participant

Hassan & Sons, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$73,621
LPL FINANCIAL · Recordkeeping · Trustee$16,818
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, LPL Financial
2023ADP, LPL Financial

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

Administrative cost history3
2024$90,439 · 1.23%
2023$47,716 · 1.09%
2022$35,372 · 0.99%
Same employer
Similar plansRetail Trade · California
Shift Technologies, Inc. CA$9.8M · 0.89%
My Chevrolet, Inc. CA$9.7M · 0.72%
Entertainment Earth, LLC CA$9.6M · 0.54%
Lularoe, LLC CA$9.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954643384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.