Preston Pipelines Inc. dba Preston Companies401(k)
PRESTON PIPELINES, INC. PROFIT SHARING PLAN · MILPITAS, CA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Preston Pipelines Inc. dba Preston Companies reported $85,657 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $6,130 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 0.01% to 0.38%. 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 the 3,118th-largest of 9,483 plans among California employers on file, and the 1,746th of 5,337 in construction. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has shrunk from 188 to 152 since 2022.
Preston Pipelines Inc. dba Preston Companies's 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 942508467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.