Plan Ledger DOL Form 5500 · updated monthly

Patriot Environmental Laboratories, Inc.401(k)

PATRIOT ENVIRONMENTAL LABORATORIES, INC. 401(K) PROFIT SHARING PLAN · FULLERTON, CA · plan year 2023

Reported admin expense ratio · 2023
1.22%

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

Patriot Environmental Laboratories, Inc. reported $38,344 in plan administrative expenses for 2023: 1.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,392 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 1 year on file its reported administrative ratio rose from 1.15% to 1.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (7,614th of 9,483), and 4,388th of 5,337 in construction. In 2023, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,488,293
Participants with balances181
Active participants76
Employer contributions$181,827
Employee contributions$296,154
Employer contribution per active participant$2,392
Average account balance$19,272
Benefits paid to participants$251,784
Plan auditUnmodified (clean) audit opinion
AuditorSERVATIUS, O'BRIEN & FONG, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$3.5M · 181 accts · $182K emplr
2022$2.8M · 172 accts · $75K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,344
Total administrative$38,344
The Patriot Environmental Laboratories, Inc. 401(k) match · 2023
Employer contribution per active participant$2,392
Median for plans this size$1,308
2023$2,392 per active participant
2022$830 per active participant

Patriot Environmental Laboratories, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,661
WOODBURY FINANCIAL SVCS INC. · Investment advisory (plan)$11,798
OSAIC WEALTH, INC. · Investment advisory (plan)$9,489

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

Administrative cost history2
2023$38,344 · 1.22%
2022$34,666 · 1.15%
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Twr Enterprises, Inc. CA$3.4M · 0.32%
Spectra Company Inc CA$3.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330906719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.