Plan Ledger DOL Form 5500 · updated monthly

San Joaquin Refining Company, Inc.401(k)

SAN JOAQUIN REFINING COMPANY 401K PLAN · BAKERSFIELD, CA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

San Joaquin Refining Company, Inc. reported $43,666 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,355 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 0.10% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,307th-largest of 9,483 plans among California employers on file, and the 3,933rd of 13,661 in manufacturing. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,220,556
Participants with balances149
Active participants131
Employer contributions$439,451
Employee contributions$923,379
Employer contribution per active participant$3,355
Average account balance$243,091
Benefits paid to participants$1,774,818
Plan auditUnmodified (clean) audit opinion
AuditorBARBICH HOOPER KING DILL HOFFMAN
Plan history3
Yearassets · accounts · employer contribution
2024$36.2M · 149 accts · $439K emplr
2023$32.6M · 146 accts · $439K emplr
2022$29.6M · 145 accts · $442K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,270
Investment management$34,561
Total administrative$43,666
The San Joaquin Refining Company, Inc. 401(k) match · 2024
Employer contribution per active participant$3,355
Median for plans this size$2,416
2024$3,355 per active participant
2023$3,544 per active participant
2022$3,511 per active participant

San Joaquin Refining Company, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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
VOYA RETIREMENT ADVISORS · Investment advisory (participants)$25,755
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (plan)indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp
QUALIFIED SERVICES INC DBA HICKS PE · Other servicesindirect comp

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

Administrative cost history3
2024$43,666 · 0.13%
2023$39,228 · 0.13%
2022$32,764 · 0.10%
Same employer
Similar plansManufacturing · California
Neolife International, LLC CA$37.1M · 0.05%
Hyundai Translead CA$36.7M · 0.16%
Zipline International Inc. CA$36.7M · 0.02%
Aja Video Systems, Inc. CA$36.1M · 0.27%
Stratolaunch, LLC CA$36.1M · 0.11%
Tk Services, Inc. CA$36.0M · 0.32%
Grass Valley USA, LLC CA$36.0M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953341023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.