Plan Ledger DOL Form 5500 · updated monthly

Pacific States Petroleum401(k)

PACIFIC STATES PETROLEUM, INC 401(K) PROFIT SHARING PLAN & TRU · PLEASANT HILL, CA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Pacific States Petroleum reported $56,736 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,955 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 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (4,922nd of 9,483), and 2,637th of 4,246 in wholesale trade. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 164 to 196 since 2022.

Plan summary
Net assets, end of year$12,289,136
Participants with balances230
Active participants196
Employer contributions$579,105
Employee contributions$1,015,382
Employer contribution per active participant$2,955
Average account balance$53,431
Benefits paid to participants$452,084
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 230 accts · $579K emplr
2023$9.6M · 223 accts · $583K emplr
2022$7.1M · 215 accts · $541K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,529
Total administrative$56,736
The Pacific States Petroleum 401(k) match · 2024
Employer contribution per active participant$2,955
Median for plans this size$2,416
2024$2,955 per active participant
2023$3,184 per active participant
2022$3,296 per active participant

Pacific States Petroleum'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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$47,206
ADP, INC. · Loan processing · Recordkeeping$9,529
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$56,736 · 0.52%
2023$45,650 · 0.55%
2022$34,257 · 0.50%
All plans at this employer2
PACIFIC STATES PETROLEUM, INC 401(K) PROFIT SHARING PLAN & TRU401(k)
PACIFIC STATES PETROLEUM EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansWholesale Trade · California
Moc Products Company, Inc. CA$12.5M · 0.61%
Gold Rush Ventures, LLC CA$12.3M · 0.25%
Toms Truck Center, Inc. CA$12.3M · 0.39%
B & B Surplus, Inc. CA$12.3M · 0.59%
Marshall Electronics, Inc. CA$12.2M · 0.38%
Markstein Sales Co. CA$12.1M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383646048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.