Plan Ledger DOL Form 5500 · updated monthly

Hughes Circuits401(k)

HUGHES CIRCUITS 401(K) PLAN · SAN MARCOS, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Hughes Circuits reported $32,304 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,624 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 0.25% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (4,870th of 9,483), and 7,873rd of 13,661 in manufacturing. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 199 to 221 since 2022.

Plan summary
Net assets, end of year$12,503,076
Participants with balances135
Active participants221
Employer contributions$358,948
Employee contributions$742,794
Employer contribution per active participant$1,624
Average account balance$92,615
Benefits paid to participants$731,409
Plan auditUnmodified (clean) audit opinion
AuditorWEWORSKI AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 135 accts · $359K emplr
2023$10.5M · 120 accts · $322K emplr
2022$8.7M · 117 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,491
Investment management$22,813
Total administrative$32,304
The Hughes Circuits 401(k) match · 2024
Employer contribution per active participant$1,624
Median for plans this size$2,416
2024$1,624 per active participant
2023$1,579 per active participant
2022$1,560 per active participant

Hughes Circuits's 2024 employer contribution ran below the $2,416 median for plans its size. 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
ASCENSUS LLC · Loan processing · Recordkeeping$9,490
SHAREBUILDER ADVISOR LLC · Investment advisory (plan)$22,813

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

Recordkeeper by year2
2024Ascensus
2023Ascensus, PAI

This plan has changed recordkeepers within these filings. If you left Hughes Circuits 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$32,304 · 0.28%
2023$24,292 · 0.25%
2022$23,258 · 0.25%
Same employer
Similar plansManufacturing · California
Horizon Food Group, Inc. CA$12.7M · 0.10%
Kings Oil Tools, Inc. CA$12.5M · 0.58%
Merical, Inc. CA$12.4M · 0.83%
Neology, Inc. CA$12.4M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330843055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.