Plan Ledger DOL Form 5500 · updated monthly

M.P. Environmental Services, Inc.401(k)

M.P. ENVIRONMENTAL SERVICES, INC. 401(K) PROFIT SHARING PLAN · BAKERSFIELD, CA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

M.P. Environmental Services, Inc. reported $81,497 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,041 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 0.73% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 4,660th-largest of 9,483 plans among California employers on file, and the 961st of 2,677 in transportation & warehousing. In 2024, employees put in $4.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,521,760
Participants with balances310
Active participants273
Employer contributions$284,269
Employee contributions$1,414,137
Employer contribution per active participant$1,041
Average account balance$43,619
Benefits paid to participants$1,771,888
Plan auditUnmodified (clean) audit opinion
AuditorBARBICH HOOPER KING DILL HOFFMAN
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 310 accts · $284K emplr
2023$12.3M · 297 accts · $328K emplr
2022$10.2M · 272 accts · $262K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,480
Investment management$25,017
Total administrative$81,497
The M.P. Environmental Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,041
Median for plans this size$2,416
2024$1,041 per active participant
2023$1,277 per active participant
2022$1,047 per active participant

M.P. Environmental Services, Inc.'s 2024 employer contribution ran below the $2,416 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$56,280
BARNES WEALTH MANAGEMENT GROUP · Investment advisory (plan)$25,017
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect 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
2024The Standard
2023The Standard

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

Administrative cost history3
2024$81,497 · 0.63%
2023$75,170 · 0.67%
2022$81,234 · 0.73%
Same employer
Similar plansTransportation & Warehousing · California
Hecny America, Inc. CA$13.7M · 0.04%
Plastic Express CA$13.6M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770262888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.