Plan Ledger DOL Form 5500 · updated monthly

Southland Paving Inc.401(k)

SOUTHLAND PAVING INC. EMPLOYEES PROFIT SHARING/401(K) PLAN · ESCONDIDO, CA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Southland Paving Inc. reported $82,791 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,437 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 0.63%. 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 4,637th-largest of 9,483 plans among California employers on file, and the 2,621st of 5,337 in construction. In 2024, employees put in $1.16 for every $1.00 the employer contributed; active participation has grown from 99 to 124 since 2022.

Plan summary
Net assets, end of year$13,666,959
Participants with balances173
Active participants124
Employer contributions$426,237
Employee contributions$494,343
Employer contribution per active participant$3,437
Average account balance$79,000
Benefits paid to participants$1,038,950
Plan auditUnmodified (clean) audit opinion
AuditorCHRIS T BENNETT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 173 accts · $426K emplr
2023$12.5M · 168 accts · $527K emplr
2022$10.8M · 156 accts · $416K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,506
Investment management$45,285
Total administrative$82,791
The Southland Paving Inc. 401(k) match · 2024
Employer contribution per active participant$3,437
Median for plans this size$2,416
2024$3,437 per active participant
2023$4,389 per active participant
2022$4,198 per active participant

Southland Paving Inc.'s 2024 employer contribution ran above 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 · 20243
THE VANGUARD GROUP · Recordkeeping · Participant communication$15,297
M GROUP INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$45,285
DAVIS BACON PENSION PLANS INC · Contract administrator · Pension consulting$26,885

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,791 · 0.63%
2023$71,670 · 0.62%
2022$71,405 · 0.61%
Same employer
Similar plansConstruction · California
S.R. Freeman, Inc. CA$13.8M · 0.62%
Sonray Solar, Inc. CA$13.7M · 0.55%
Toro Enterprises, Inc. CA$13.5M · 0.30%
The Spanos Corporation CA$13.4M · 0.17%
Park West Landscape, Inc. CA$13.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330010538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.