Plan Ledger DOL Form 5500 · updated monthly

Humble Sea, Inc.401(k)

HUMBLE SEA BREWING COMPANY 401(K) PLAN · SANTA CRUZ, CA · plan year 2024

Reported admin expense ratio · 2024
2.27%

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

Humble Sea, Inc. reported $19,566 in plan administrative expenses for 2024: 2.27% of average plan assets, above the peer median. Employer contributions averaged $1,157 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 1 year on file its reported administrative ratio fell from 2.62% to 2.27%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (8,832nd of 9,483), and 4,142nd of 4,246 in wholesale trade. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,005,312
Participants with balances116
Active participants75
Employer contributions$86,753
Employee contributions$163,122
Employer contribution per active participant$1,157
Average account balance$8,666
Benefits paid to participants$78,491
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & COMPANY, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$1.0M · 116 accts · $87K emplr
2023$721K · 136 accts · $90K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,217
Investment management$4,349
Total administrative$19,566
The Humble Sea, Inc. 401(k) match · 2024
Employer contribution per active participant$1,157
Median for plans this size$540
2024$1,157 per active participant
2023$1,170 per active participant

Humble Sea, Inc.'s 2024 employer contribution ran above the $540 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 · 20244
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$9,547
M2B RETIREMENT CONSULTING, LLC · Recordkeeping · Loan processing$5,275
EDWARD D JONES & COMPANY · Investment advisory (plan)$4,175
MESIROW FINANCIAL, INC · Investment advisory (plan)$173

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

Recordkeeper by year2
2024M2B RETIREMENT CONSULTING, LLC, Transamerica
2023M2B RETIREMENT CONSULTING, LLC, Transamerica

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Administrative cost history2
2024$19,566 · 2.27%
2023$14,741 · 2.62%
Similar plansWholesale Trade · California
Meritronics, Inc. CA$1.1M · 0.94%
U.S Jaclean Inc CA$1.1M · 0.48%
Sprintray CA$1.1M · 1.15%
Smart LLC CA$1.0M · 0.29%
Ci Distribution CA$881K · 0.57%
Starship Technologies Inc CA$730K · 0.18%
Starco Enterprises, Inc. CA$705K · 0.18%
La Verne Nursery CA$440K · 1.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474082461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.