Plan Ledger DOL Form 5500 · updated monthly

Polvera Drywall Corporation401(k)

POLVERA DRYWALL CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Polvera Drywall Corporation reported $14,244 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $132 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 2 years on file its reported administrative ratio rose from 0.97% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (8,578th of 9,483), and 4,989th of 5,337 in construction. In 2024, employees put in $5.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,427,508
Participants with balances124
Active participants239
Employer contributions$31,452
Employee contributions$177,505
Employer contribution per active participant$132
Average account balance$11,512
Benefits paid to participants$100,810
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.4M · 124 accts · $31K emplr
2022$961K · 56 accts · $15K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,037
Investment management$6,347
Trustee / custodial$860
Total administrative$14,244
The Polvera Drywall Corporation 401(k) match · 2024
Employer contribution per active participant$132
Median for plans this size$1,313
2024$132 per active participant
2022$57 per active participant

Polvera Drywall Corporation's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PAYCHEX, INC. · Recordkeeping$6,326

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

Administrative cost history2
2024$14,244 · 1.10%
2022$9,741 · 0.97%
Similar plansConstruction · California
Leonard Services, Inc. CA$1.5M · 0.06%
Seal Electric, Inc. CA$1.5M · 0.21%
Design Masonry, Inc. CA$1.5M · 1.06%
Call Pro's Inc. CA$1.4M · 1.83%
Portermatt Electric, Inc. CA$1.4M · 0.88%
Hakes Sash & Door Inc CA$1.3M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952976624 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.