Plan Ledger DOL Form 5500 · updated monthly

Papich Construction Company, Inc.401(k)

PAPICH CONSTRUCTION COMPANY, INC. RETIREMENT SAVINGS PLAN · ARROYO GRANDE, CA · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Papich Construction Company, Inc. reported $54,659 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,310 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 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,114th of 9,483), and 2,912th of 5,337 in construction. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves; active participation has grown from 135 to 451 since 2022.

Plan summary
Net assets, end of year$11,365,215
Participants with balances121
Active participants451
Employer contributions$590,829
Employee contributions$537,213
Employer contribution per active participant$1,310
Average account balance$93,927
Benefits paid to participants$280,161
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 121 accts · $591K emplr
2023$9.0M · 128 accts · $608K emplr
2022$7.0M · 125 accts · $499K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,659
Total administrative$54,659
The Papich Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,310
Median for plans this size$2,416
2024$1,310 per active participant
2023$3,497 per active participant
2022$3,693 per active participant

Papich Construction Company, Inc.'s 2024 employer contribution ran below 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
AMERICAN FUNDS · Plan administrator · Recordkeeping$52,463
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,345
WILSHIRE ADVISORS LLC · Investment advisory (plan)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
2024AMERICAN FUNDS
2023Mutual of America

This plan has changed recordkeepers within these filings. If you left Papich Construction Company, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,659 · 0.54%
2023$46,352 · 0.58%
2022$40,894 · 0.55%
Similar plansConstruction · California
Hamann Construction, Inc. CA$11.4M · 0.16%
Menemsha Development Group CA$11.4M · 1.04%
Rlh Fire Protection CA$11.2M · 0.55%
Discovery Builders, Inc. CA$11.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900181200 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.