Plan Ledger DOL Form 5500 · updated monthly

Sobrato Organization401(k)

THE SOBRATO ORGANIZATION 401(K) SAVINGS PLAN · MOUNTAIN VIEW, CA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Sobrato Organization reported $1,119 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,788 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 fell from 0.07% to 0.01%. 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 the 3,278th-largest of 9,483 plans among California employers on file, and the 1,831st of 5,337 in construction. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 81 to 102 since 2022.

Plan summary
Net assets, end of year$23,099,345
Participants with balances125
Active participants102
Employer contributions$896,403
Employee contributions$1,593,278
Employer contribution per active participant$8,788
Average account balance$184,795
Benefits paid to participants$1,203,303
Plan auditUnmodified (clean) audit opinion
AuditorABBOTT, STRINGHAM AND LYNCH
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 125 accts · $896K emplr
2023$18.8M · 114 accts · $748K emplr
2022$14.7M · 95 accts · $694K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,119
Total administrative$1,119
The Sobrato Organization 401(k) match · 2024
Employer contribution per active participant$8,788
Median for plans this size$2,416
2024$8,788 per active participant
2023$6,183 per active participant
2022$8,564 per active participant

Sobrato Organization'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,119

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$1,119 · 0.01%
2023$1,000 · 0.01%
2022$11,728 · 0.07%
Similar plansConstruction · California
Gci, Inc. CA$23.7M · 0.39%
Silverado Contractors, Inc. CA$23.5M · 0.25%
Robert a. Bothman, Inc. CA$23.2M · 0.24%
Mission Critical Group, LLC CA$22.4M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770262755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.