Herrero Builders, Inc.401(k)
HERRERO BUILDERS, INC. PROFIT SHARING RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2023
Herrero Builders, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $22,787,090 across 164 participant accounts, with employer contributions averaging $4,837 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 3,314th-largest of 9,483 plans among California employers on file, and the 1,846th of 5,337 in construction. In 2023, employees put in $2.35 for every $1.00 the employer contributed.
Herrero Builders, Inc.'s 2023 employer contribution ran above the $2,440 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 941302904 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.