Plan Ledger DOL Form 5500 · updated monthly

Southcoast Welding & Manufacturi401(k)

SOUTHCOAST WELDING 401(K) PROFIT SHARING PLAN · CHULA VISTA, CA · plan year 2024

Reported admin expense ratio · 2024
0.72%

Southcoast Welding & Manufacturi reported $26,791 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. 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 0.21% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (7,452nd of 9,483), and 11,821st of 13,661 in manufacturing.

Plan summary
Net assets, end of year$3,840,730
Participants with balances126
Active participants407
Employer contributions—
Employee contributions$650,733
Employer contribution per active participant—
Average account balance$30,482
Benefits paid to participants$637,559
Plan auditUnmodified (clean) audit opinion
AuditorCOVELL, JANI & PASCH LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 126 accts
2023$3.6M · 219 accts
2022$3.0M · 211 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,791
Total administrative$26,791
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,030
NEW YORK LIFE SECURITIES · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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 history3
2024$26,791 · 0.72%
2023$6,898 · 0.21%
2022$6,052 · 0.21%
Similar plansManufacturing · California
Air Fayre Ca Inc. CA$3.9M · 0.02%
Icon Aircraft, Inc. CA$3.9M · 0.54%
Fds Manufacturing Company CA$3.8M · 0.06%
A.M. Cabinets, Inc. CA$3.8M · 0.77%
Br Printers, Inc. CA$3.8M · 0.47%
Convaid Products, LLC CA$3.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454660667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.