Plan Ledger DOL Form 5500 · updated monthly

J.W. Floor Covering, Inc.401(k)

J.W. FLOOR COVERING/RESOURCE FLOORS EMPLOYEE SAVINGS AND RETI · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

J.W. Floor Covering, Inc. reported $46,977 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.79% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (6,337th of 9,483), and 3,594th of 5,337 in construction. active participation has shrunk from 167 to 138 since 2022.

Plan summary
Net assets, end of year$6,990,032
Participants with balances159
Active participants138
Employer contributions$0
Employee contributions$369,830
Employer contribution per active participant$0
Average account balance$43,962
Benefits paid to participants$441,631
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 159 accts
2023$5.9M · 173 accts
2022$4.6M · 159 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,545
Investment management$30,432
Total administrative$46,977
The J.W. Floor Covering, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

J.W. Floor Covering, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$30,432
ADP, INC. · Loan processing · Recordkeeping$16,545
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$46,977 · 0.73%
2023$40,935 · 0.78%
2022$41,555 · 0.79%
Same employer
Similar plansConstruction · California
McE Corporation CA$7.1M · 0.47%
Atlas Mechanical, Inc. CA$7.0M · 0.75%
S.C. Anderson, Inc. CA$6.8M · 0.98%
Lonestar Construction CA$6.8M · 1.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330192832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.