Plan Ledger DOL Form 5500 · updated monthly

Schilling Paradise Corp.401(k)

SCHILLING PARADISE CORP. 401(K) PREVAILING WAGE PLAN · EL CAJON, CA · plan year 2024

Reported admin expense ratio · 2024
1.39%

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

Schilling Paradise Corp. reported $102,188 in plan administrative expenses for 2024: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,904 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 1.26% to 1.39%. 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 (5,961st of 9,483), and 3,361st of 5,337 in construction. In 2024, employees put in $1.06 for every $1.00 the employer contributed; active participation has grown from 285 to 320 since 2022.

Plan summary
Net assets, end of year$8,169,705
Participants with balances225
Active participants320
Employer contributions$609,365
Employee contributions$644,027
Employer contribution per active participant$1,904
Average account balance$36,310
Benefits paid to participants$412,885
Plan auditUnmodified (clean) audit opinion
AuditorLAVINE, LOFGREN, MORRIS, ENGELBERG
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 225 accts · $609K emplr
2023$6.6M · 209 accts · $327K emplr
2022$5.4M · 273 accts · $458K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,188
Total administrative$102,188
The Schilling Paradise Corp. 401(k) match · 2024
Employer contribution per active participant$1,904
Median for plans this size$1,313
2024$1,904 per active participant
2023$1,089 per active participant
2022$1,606 per active participant

Schilling Paradise Corp.'s 2024 employer contribution ran above the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE · Contract administrator · Loan processing$102,188
INDEPENDENT FINANCIAL GROU, INC. · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect 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$102,188 · 1.39%
2023$84,685 · 1.41%
2022$70,351 · 1.26%
Same employer
Similar plansConstruction · California
Modern Building, Inc. CA$8.6M · 0.66%
Bill Howe Plumbing, Inc. CA$8.6M · 0.19%
Provenza Floors, Inc. CA$8.0M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270601673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.