Plan Ledger DOL Form 5500 · updated monthly

Severson Group, Incorporated401(k)

SEVERSON GROUP 401(K) PLAN · LOS ALAMITOS, CA · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

Severson Group, Incorporated reported $70,611 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $5,678 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 5 years on file its reported administrative ratio rose from 0.02% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 2,941st-largest of 9,483 plans among California employers on file, and the 1,663rd of 5,337 in construction. In 2023, employees put in $2.47 for every $1.00 the employer contributed; active participation has shrunk from 184 to 144 since 2018.

Plan summary
Net assets, end of year$26,555,687
Participants with balances222
Active participants144
Employer contributions$817,657
Employee contributions$2,021,570
Employer contribution per active participant$5,678
Average account balance$119,620
Benefits paid to participants$3,106,963
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2023$26.6M · 222 accts · $818K emplr
2022$21.1M · 248 accts · $809K emplr
2019$16.1M · 243 accts · $739K emplr
2018$13.8M · 234 accts · $654K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$70,611
Total administrative$70,611
The Severson Group, Incorporated 401(k) match · 2023
Employer contribution per active participant$5,678
Median for plans this size$2,440
2023$5,678 per active participant
2022$4,282 per active participant
2019$3,771 per active participant
2018$3,554 per active participant

Severson Group, Incorporated's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$70,610
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history4
2023$70,611 · 0.30%
2022$58,656 · 0.29%
2019$3,678 · 0.02%
2018$2,443 · 0.02%
Similar plansConstruction · California
Mountain Cascade, Inc. CA$27.3M · 0.40%
Hazard Construction Company CA$26.8M · 0.18%
Bcci Construction, LLC CA$26.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330392655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.