Plan Ledger DOL Form 5500 · updated monthly

Shapco Inc.401(k)

SHAPCO INC. 401(K) SAVINGS PLAN · SANTA MONICA, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Shapco Inc. reported $75,123 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,617 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 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 2,956th-largest of 9,483 plans among California employers on file, and the 390th of 786 in management of companies. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,412,422
Participants with balances464
Active participants405
Employer contributions$654,840
Employee contributions$2,022,444
Employer contribution per active participant$1,617
Average account balance$56,923
Benefits paid to participants$3,320,071
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 464 accts · $655K emplr
2023$23.8M · 506 accts · $471K emplr
2022$19.7M · 505 accts · $377K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,123
Total administrative$75,123
The Shapco Inc. 401(k) match · 2024
Employer contribution per active participant$1,617
Median for plans this size$2,416
2024$1,617 per active participant
2023$1,100 per active participant
2022$860 per active participant

Shapco Inc.'s 2024 employer contribution ran below 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$75,123

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$75,123 · 0.30%
2023$64,462 · 0.30%
2022$60,031 · 0.29%
Same employer
Similar plansManagement of Companies · California
Pantheon Ventures (US) LP CA$38.1M · 0.06%
Palomar Holdings, Inc CA$32.0M · 0.01%
Jam City CA$30.0M · 0.05%
Sma America Holdings, LLC. CA$27.2M · 0.54%
Atb Administration LLC CA$23.7M · 0.23%
Ctc Global Corporation CA$19.0M · 0.16%
Evertrust Bank CA$18.0M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953942140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.