Plan Ledger DOL Form 5500 · updated monthly

Sierra National Construction, Inc.401(k)

SIERRA NATIONAL CONSTRUCTION, INC. 401K PW PLAN · CARMICHAEL, CA · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Sierra National Construction, Inc. reported $111,823 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11,127 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 1.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,177th of 9,483), and 2,945th of 5,337 in construction. In 2024, the employer put in $5.28 for every $1.00 employees contributed themselves; active participation has shrunk from 98 to 83 since 2022.

Plan summary
Net assets, end of year$11,075,799
Participants with balances112
Active participants83
Employer contributions$923,532
Employee contributions$174,826
Employer contribution per active participant$11,127
Average account balance$98,891
Benefits paid to participants$897,783
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 112 accts · $924K emplr
2023$9.9M · 116 accts · $741K emplr
2022$9.2M · 103 accts · $764K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,823
Total administrative$111,823
The Sierra National Construction, Inc. 401(k) match · 2024
Employer contribution per active participant$11,127
Median for plans this size$2,416
2024$11,127 per active participant
2023$7,723 per active participant
2022$7,795 per active participant

Sierra National Construction, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$88,816
BENEFIT RESOURCES, INC. · Contract administrator$1,500

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$111,823 · 1.07%
2023$94,198 · 0.99%
2022$106,699 · 1.03%
Same employer
Similar plansConstruction · California
Rlh Fire Protection CA$11.2M · 0.55%
Discovery Builders, Inc. CA$11.2M · 0.55%
Synergy Companies CA$11.0M · 0.50%
Iron Mechanical, Inc. CA$11.0M · 0.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 680039679 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.