Plan Ledger DOL Form 5500 · updated monthly

Koam Engineering Systems, Inc.401(k)

KOAM ENGINEERING SYSTEMS, INC. RETIREMENT SAVINGS PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Koam Engineering Systems, Inc. reported $14,079 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,296 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 0.06% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,597th-largest of 9,483 plans among California employers on file, and the 5,496th of 11,654 in professional & technical services. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has shrunk from 250 to 152 since 2022.

Plan summary
Net assets, end of year$20,277,935
Participants with balances334
Active participants152
Employer contributions$500,932
Employee contributions$769,301
Employer contribution per active participant$3,296
Average account balance$60,712
Benefits paid to participants$3,530,814
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINSON & BLOODGOOD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 334 accts · $501K emplr
2023$19.6M · 346 accts · $590K emplr
2022$17.1M · 421 accts · $747K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,079
Total administrative$14,079
The Koam Engineering Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,296
Median for plans this size$2,416
2024$3,296 per active participant
2023$3,856 per active participant
2022$2,988 per active participant

Koam Engineering Systems, Inc.'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.

Administrative cost history3
2024$14,079 · 0.07%
2023$18,779 · 0.10%
2022$11,466 · 0.06%
All plans at this employer2
KOAM ENGINEERING SYSTEMS, INC. RETIREMENT SAVINGS PLAN401(k)
KOAM ENGINEERING SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 330771394 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.