Plan Ledger DOL Form 5500 · updated monthly

Saarman Construction, LTD.401(k)

SAARMAN CONSTRUCTION, LTD. 401(K) RETIREMENT PLAN · ALAMEDA, CA · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Saarman Construction, LTD. reported $45,723 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $12,654 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 0.37%. 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 4,715th-largest of 9,483 plans among California employers on file, and the 2,667th of 5,337 in construction. In 2024, the employer put in $3.29 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,188,305
Participants with balances145
Active participants97
Employer contributions$1,227,414
Employee contributions$373,205
Employer contribution per active participant$12,654
Average account balance$90,954
Benefits paid to participants$1,453,001
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 145 accts · $1.2M emplr
2023$11.3M · 118 accts · $609K emplr
2022$9.5M · 113 accts · $576K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,723
Total administrative$45,723
The Saarman Construction, LTD. 401(k) match · 2024
Employer contribution per active participant$12,654
Median for plans this size$2,416
2024$12,654 per active participant
2023$5,802 per active participant
2022$6,067 per active participant

Saarman Construction, LTD.'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 · 20244
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$30,103
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$7,067
LINCOLN FINANCIAL ADVISORS CORP · Investment advisory (plan)$6,024
MESIROW FINANCIAL, INC. · Investment advisory (plan)$2,440

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

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

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Administrative cost history3
2024$45,723 · 0.37%
2023$40,508 · 0.39%
2022$35,879 · 0.36%
Same employer
Similar plansConstruction · California
The Spanos Corporation CA$13.4M · 0.17%
Park West Landscape, Inc. CA$13.3M · 0.40%
M Bar C Construction, Inc. CA$12.9M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942929210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.