Plan Ledger DOL Form 5500 · updated monthly

Pacific States Industries, Inc.401(k)

PACIFIC STATES INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · MORGAN HILL, CA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Pacific States Industries, Inc. reported $105,291 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,863 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 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 3,719th-largest of 9,483 plans among California employers on file, and the 255th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 201 to 227 since 2022.

Plan summary
Net assets, end of year$19,348,038
Participants with balances273
Active participants227
Employer contributions$649,895
Employee contributions$1,221,121
Employer contribution per active participant$2,863
Average account balance$70,872
Benefits paid to participants$3,040,445
Plan auditUnmodified (clean) audit opinion
AuditorFRANK, RIMERMAN & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.3M · 273 accts · $650K emplr
2023$19.0M · 271 accts · $564K emplr
2022$15.7M · 264 accts · $446K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,985
Investment management$37,405
Total administrative$105,291
The Pacific States Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,863
Median for plans this size$2,416
2024$2,863 per active participant
2023$2,611 per active participant
2022$2,217 per active participant

Pacific States Industries, 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.

Service providers · 20243
UBS FINANCIAL SERVICES, INC.$37,405
FRANK, RIMERMAN & CO. LLP · Accounting / audit$14,000

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

Administrative cost history3
2024$105,291 · 0.55%
2023$84,345 · 0.49%
2022$83,658 · 0.54%
Same employer
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Hidden Villa Ranch CA$20.6M · 0.22%
Saticoy Lemon Association CA$20.0M · 0.31%
Apeel Technology, Inc. CA$19.7M · 0.10%
Beckstoffer Vineyards CA$19.3M · 0.41%
West Coast Turf CA$19.1M · 0.40%
AG Rx CA$18.7M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942565203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.