Plan Ledger DOL Form 5500 · updated monthly

Sierra Development Company401(k)

CLUB CAL NEVA 401(K) PLAN · RENO, NV · plan year 2024

Reported admin expense ratio · 2024
2.45%

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

Sierra Development Company reported $72,250 in plan administrative expenses for 2024: 2.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 2.15% to 2.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Nevada (327th of 437), and 1,194th of 2,240 in accommodation & food services. active participation has shrunk from 262 to 220 since 2022.

Plan summary
Net assets, end of year$3,034,795
Participants with balances243
Active participants220
Employer contributions$0
Employee contributions$143,544
Employer contribution per active participant$0
Average account balance$12,489
Benefits paid to participants$318,038
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 243 accts
2023$2.9M · 256 accts · $17K emplr
2022$2.6M · 239 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,689
Investment management$6,061
Audit (IQPA)$8,500
Total administrative$72,250
The Sierra Development Company 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$78 per active participant
2022$11 per active participant

Sierra Development Company's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 RETRMNT SOLUTIONS, LLC · Recordkeeping · Loan processing$41,099
CETERA RETIREMENT PLAN SPECIALISTS · Recordkeeping · Loan processing$8,113
FRSCPA, PLLC · Accounting / audit$8,500
MORGAN STANLEY · Investment advisory (plan)$6,061

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

Recordkeeper by year2
2024CETERA RETIREMENT PLAN SPECIALISTS, Transamerica
2023CETERA RETIREMENT PLAN SPECIALISTS, Transamerica

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Administrative cost history3
2024$72,250 · 2.45%
2023$49,138 · 1.79%
2022$65,471 · 2.15%
Similar plansAccommodation & Food Services · Nevada
G-Peg I LLC NV$5.7M · 1.03%
Paragon Tropicana, Inc. NV$4.7M · 0.28%
Eatwell Enterprises, LP NV$2.7M · 0.76%
Port of Subs, Inc. NV$2.0M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880089063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.