Plan Ledger DOL Form 5500 · updated monthly

Provenza Floors, Inc.401(k)

PROVENZA FLOORS, INC., 401(K) PROFIT SHARING PLAN · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Provenza Floors, Inc. reported $14,254 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,229 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 0.19%. 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 (6,020th of 9,483), and 3,394th of 5,337 in construction. In 2024, the employer put in $1.87 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,977,627
Participants with balances240
Active participants116
Employer contributions$606,520
Employee contributions$323,514
Employer contribution per active participant$5,229
Average account balance$33,240
Benefits paid to participants$878,194
Plan auditUnmodified (clean) audit opinion
AuditorJCG ACCOUNTANCY GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 240 accts · $607K emplr
2023$7.0M · 235 accts · $685K emplr
2022$5.2M · 224 accts · $454K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,254
Total administrative$14,254
The Provenza Floors, Inc. 401(k) match · 2024
Employer contribution per active participant$5,229
Median for plans this size$1,313
2024$5,229 per active participant
2023$6,060 per active participant
2022$3,982 per active participant

Provenza Floors, Inc.'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.

Administrative cost history3
2024$14,254 · 0.19%
2023$16,865 · 0.28%
2022$10,602 · 0.20%
Similar plansConstruction · California
Schilling Paradise Corp. CA$8.2M · 1.39%
Direct Line Global LLC CA$7.8M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204570294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.