Plan Ledger DOL Form 5500 · updated monthly

Royal West Drywall, Inc.Profit-sharing plan

THE CONTRACTORS RETIREMENT PLAN · NORCO, CA · plan year 2024

Reported admin expense ratio · 2024
1.34%

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

Royal West Drywall, Inc. reported $19,594 in plan administrative expenses for 2024: 1.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,904 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 0.42% to 1.34%. 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 (8,407th of 9,483), and 4,894th of 5,337 in construction.

Plan summary
Net assets, end of year$1,777,958
Participants with balances327
Active participants263
Employer contributions$763,712
Employee contributions—
Employer contribution per active participant$2,904
Average account balance$5,437
Benefits paid to participants$204,698
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 327 accts · $764K emplr
2023$1.2M · 306 accts · $217K emplr
2022$983K · 295 accts · $576K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$19,594
Total administrative$19,594
Employer contributions to the Royal West Drywall, Inc. plan · 2024
Employer contribution per active participant$2,904
Median for plans this size$1,313
2024$2,904 per active participant
2023$827 per active participant
2022$2,183 per active participant

Royal West Drywall, 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$19,594 · 1.34%
2023$5,000 · 0.47%
2022$4,200 · 0.42%
Similar plansConstruction · California
Plumbing Concepts, Inc. CA$1.8M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463424096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.