Plan Ledger DOL Form 5500 · updated monthly

Premier Coating Inc dba Premier Finishing401(k)

PREMIER COATING 401(K) PROFIT SHARING PLAN · STOCKTON, CA · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Premier Coating Inc dba Premier Finishing reported $38,750 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,343 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 0.62% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in California (7,139th of 9,483), and 2,375th of 3,341 in other services. In 2024, the employer put in $1.82 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,610,985
Participants with balances182
Active participants84
Employer contributions$364,781
Employee contributions$200,826
Employer contribution per active participant$4,343
Average account balance$25,335
Benefits paid to participants$133,978
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 182 accts · $365K emplr
2023$3.9M · 177 accts · $361K emplr
2022$3.2M · 166 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,472
Investment management$25,278
Total administrative$38,750
The Premier Coating Inc dba Premier Finishing 401(k) match · 2024
Employer contribution per active participant$4,343
Median for plans this size$1,313
2024$4,343 per active participant
2023$3,966 per active participant
2022$4,693 per active participant

Premier Coating Inc dba Premier Finishing's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASSOCIATED PENSION CONSULTANTS · Claims processing · Recordkeeping$13,473
MORGAN STANLEY$25,278

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

Recordkeeper by year2
2024ASSOCIATED PENSION CONSULTANTS
2023ASSOCIATED PENSION CONSULTANTS

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Administrative cost history3
2024$38,750 · 0.91%
2023$46,200 · 1.30%
2022$19,117 · 0.62%
Similar plansOther Services · California
All Star Glass, Inc. CA$4.8M · 0.28%
Lrg Management, LLC CA$4.6M · 0.89%
The Growing Place CA$4.5M · 0.05%
Chosen Foods, LLC CA$4.3M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911869047 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.