Plan Ledger DOL Form 5500 · updated monthly

Hat Creek Construction & Materials, Inc.401(k)

HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN · BURNEY, CA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Hat Creek Construction & Materials, Inc. reported $72,438 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11,742 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 fell from 0.80% to 0.66%. 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 (5,025th of 9,483), and 2,847th of 5,337 in construction. In 2024, the employer put in $1.90 for every $1.00 employees contributed themselves; active participation has grown from 64 to 86 since 2022.

Plan summary
Net assets, end of year$11,741,375
Participants with balances168
Active participants86
Employer contributions$1,009,821
Employee contributions$532,658
Employer contribution per active participant$11,742
Average account balance$69,889
Benefits paid to participants$1,548,692
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 168 accts · $1.0M emplr
2023$10.2M · 154 accts · $1.4M emplr
2022$7.9M · 167 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,438
Total administrative$72,438
The Hat Creek Construction & Materials, Inc. 401(k) match · 2024
Employer contribution per active participant$11,742
Median for plans this size$2,416
2024$11,742 per active participant
2023$16,826 per active participant
2022$16,152 per active participant

Hat Creek Construction & Materials, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
TRANSAMERICA LIFE INSURANCE · Recordkeeping · Loan processing$35,213
NEXUS ADMINISTRATORS, INC. · Recordkeeping · Loan processing$5,200
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$32,026

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

Recordkeeper by year2
2024NEXUS ADMINISTRATORS, INC., Transamerica
2023NEXUS ADMINISTATORS, INC., Transamerica

This plan has changed recordkeepers within these filings. If you left Hat Creek Construction & Materials, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$72,438 · 0.66%
2023$65,285 · 0.72%
2022$70,989 · 0.80%
Similar plansConstruction · California
Brady Company California CA$12.0M · 0.31%
Land Mark Electric, Inc. CA$12.0M · 0.48%
Cirks Construction, Inc. CA$11.9M · 0.92%
Air Control Systems, Inc. CA$11.7M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680203789 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.