Plan Ledger DOL Form 5500 · updated monthly

S.B.C.C., Inc.401(k)

SOUTH BAY CONSTRUCTION COMPANY 401(K) PROFIT SHARING PLAN · CAMPBELL, CA · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

S.B.C.C., Inc. reported $126,791 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,327 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 0.86%. 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 4,370th-largest of 9,483 plans among California employers on file, and the 2,452nd of 5,337 in construction. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has shrunk from 80 to 68 since 2022.

Plan summary
Net assets, end of year$15,164,939
Participants with balances86
Active participants68
Employer contributions$362,247
Employee contributions$810,814
Employer contribution per active participant$5,327
Average account balance$176,337
Benefits paid to participants$2,515,630
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 86 accts · $362K emplr
2023$14.3M · 103 accts · $576K emplr
2022$10.2M · 108 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,998
Investment management$92,793
Total administrative$126,791
The S.B.C.C., Inc. 401(k) match · 2024
Employer contribution per active participant$5,327
Median for plans this size$2,416
2024$5,327 per active participant
2023$6,938 per active participant
2022$6,383 per active participant

S.B.C.C., Inc.'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.

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
SPECTRUM PENSION CONSULTANTS, INC. · Claims processing · Contract administrator$33,998
SLOY, DAHL, & HOLST · Investment advisory (plan)$92,793

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

Recordkeeper by year2
2024SPECTRUM PENSION CONSULTANTS, INC.
2023SPECTRUM PENSION CONSULTANTS, INC.

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Administrative cost history3
2024$126,791 · 0.86%
2023$113,596 · 0.93%
2022$127,234 · 0.89%
Similar plansConstruction · California
Baker's Burgers, Inc CA$15.6M · 0.18%
Sunwest Electric, Inc. CA$15.5M · 0.46%
Kana Pipeline, Inc. CA$15.3M · 0.49%
Nordic Industries, Inc. CA$15.2M · 0.51%
Gothic Landscaping, Inc. CA$14.8M · 0.08%
Crew, Inc. CA$14.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770336472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.