Plan Ledger DOL Form 5500 · updated monthly

Murrieta Development Co., Inc.401(k)

MURRIETA DEVELOPMENT CO., INC.401(K) PROFIT SHARING PLAN · TEMECULA, CA · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Murrieta Development Co., Inc. reported $54,006 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,382 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 3 years on file its reported administrative ratio has held roughly steady near 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in California (6,533rd of 9,483), and 360th of 412 in utilities. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has shrunk from 125 to 107 since 2022.

Plan summary
Net assets, end of year$6,385,021
Participants with balances175
Active participants107
Employer contributions$254,849
Employee contributions$337,429
Employer contribution per active participant$2,382
Average account balance$36,486
Benefits paid to participants$489,698
Plan auditUnmodified (clean) audit opinion
AuditorPORTER & HUNT, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 175 accts · $255K emplr
2023$5.4M · 156 accts · $217K emplr
2022$4.3M · 138 accts · $176K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,551
Investment management$25,641
Total administrative$54,006
The Murrieta Development Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,382
Median for plans this size$1,313
2024$2,382 per active participant
2023$1,781 per active participant
2022$1,410 per active participant

Murrieta Development Co., Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,801
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants)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
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$54,006 · 0.92%
2023$45,241 · 0.94%
2022$38,622 · 0.88%
All plans at this employer2
MURRIETA DEVELOPMENT CO., INC.401(K) PROFIT SHARING PLAN401(k)
MURRIETA DEVELOPMENT CO., INC. PREVAILING WAGE RETIREMENT PLANDefined-contribution plan
Same employer
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Esjoule, LLC CA$8.5M · 0.04%
Powur Pbc CA$3.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330313238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.