Plan Ledger DOL Form 5500 · updated monthly

Ingomar Packing Company403(b)

INGOMAR PACKING COMPANY 401K PROFIT SHARING PLAN · LOS BANOS, CA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Ingomar Packing Company reported $73,588 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,773 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 0.63% to 0.50%. 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 the 4,227th-largest of 9,483 plans among California employers on file, and the 6,810th of 13,661 in manufacturing. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 146 to 167 since 2022.

Plan summary
Net assets, end of year$16,004,606
Participants with balances239
Active participants167
Employer contributions$463,144
Employee contributions$727,978
Employer contribution per active participant$2,773
Average account balance$66,965
Benefits paid to participants$882,243
Plan auditUnmodified (clean) audit opinion
AuditorDEMERA DEMERA CAMERON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 239 accts · $463K emplr
2023$13.6M · 231 accts · $441K emplr
2022$11.6M · 196 accts · $425K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,588
Total administrative$73,588
The Ingomar Packing Company 401(k) match · 2024
Employer contribution per active participant$2,773
Median for plans this size$2,416
2024$2,773 per active participant
2023$2,883 per active participant
2022$2,909 per active participant

Ingomar Packing Company's 2024 employer contribution ran above 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$38,383
SIERRA OCEAN, LLC · Investment advisory (plan)$35,187

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$73,588 · 0.50%
2023$71,686 · 0.57%
2022$78,770 · 0.63%
Same employer
Similar plansManufacturing · California
Noritz America Corporation CA$16.1M · 0.01%
Credo Semiconductor, Inc. CA$16.1M · 0.14%
Tri-Union Seafoods, LLC CA$16.1M · 0.07%
Virtium, LLC CA$16.0M · 0.35%
Totten Tubes, Inc. CA$15.9M · 0.27%
Advantage Mailing, LLC CA$15.9M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953736513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.