Plan Ledger DOL Form 5500 · updated monthly

North State Electrical Contractors, Inc.401(k)

NORTH STATE ELECTRICAL CONTRACTORS, INC. 401(K) PLAN · RANCHO CORDOVA, CA · plan year 2025

Reported admin expense ratio · 2025
0.54%

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

North State Electrical Contractors, Inc. reported $41,469 in plan administrative expenses for 2025: 0.54% of average plan assets, below the peer median. Employer contributions averaged $2,496 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 fell from 0.84% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,843rd of 9,483), and 3,298th of 5,337 in construction. In 2025, the employer put in $1.35 for every $1.00 employees contributed themselves; active participation has grown from 229 to 262 since 2022.

Plan summary
Net assets, end of year$8,640,577
Participants with balances110
Active participants262
Employer contributions$653,941
Employee contributions$486,164
Employer contribution per active participant$2,496
Average account balance$78,551
Benefits paid to participants$485,019
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$8.6M · 110 accts · $654K emplr
2024$6.5M · 141 accts · $419K emplr
2023$6.0M · 151 accts · $570K emplr
2022$4.8M · 158 accts · $488K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$40,906
Total administrative$41,469
The North State Electrical Contractors, Inc. 401(k) match · 2025
Employer contribution per active participant$2,496
Median for plans this size$1,464
2025$2,496 per active participant
2024$2,542 per active participant
2023$3,432 per active participant
2022$2,129 per active participant

North State Electrical Contractors, Inc.'s 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history4
2025$41,469 · 0.54%
2024$54,808 · 0.87%
2023$46,058 · 0.85%
2022$40,784 · 0.84%
Same employer
Similar plansConstruction · California
Freedom Forever LLC CA$8.8M · 1.01%
Park Ventures, LLC CA$8.8M · 0.70%
The Grupe Company CA$8.6M · 0.32%
Modern Building, Inc. CA$8.6M · 0.66%
Bill Howe Plumbing, Inc. CA$8.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208066743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.