Plan Ledger DOL Form 5500 · updated monthly

Southwest Mountain States Regional Council of Carpenters401(k)

SOUTHWEST MOUNTAIN STATES REGIONAL COUNCIL OF CARPENTERS 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Southwest Mountain States Regional Council of Carpenters reported $62,194 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,529 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 0.28% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 3,257th-largest of 9,483 plans among California employers on file, and the 924th of 3,341 in other services. In 2024, employees put in $2.77 for every $1.00 the employer contributed; active participation has grown from 216 to 294 since 2022.

Plan summary
Net assets, end of year$23,381,685
Participants with balances330
Active participants294
Employer contributions$1,037,379
Employee contributions$2,872,030
Employer contribution per active participant$3,529
Average account balance$70,854
Benefits paid to participants$1,984,066
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 330 accts · $1.0M emplr
2023$18.2M · 297 accts · $815K emplr
2022$14.1M · 250 accts · $798K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,194
Total administrative$62,194
The Southwest Mountain States Regional Council of Carpenters 401(k) match · 2024
Employer contribution per active participant$3,529
Median for plans this size$2,416
2024$3,529 per active participant
2023$2,870 per active participant
2022$3,694 per active participant

Southwest Mountain States Regional Council of Carpenters'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$62,194
ACTUARIAL BENEFITS CORP. · Other servicesindirect 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$62,194 · 0.30%
2023$45,241 · 0.28%
2022$39,740 · 0.28%
Similar plansOther Services · California
Western Precooling Systems CA$24.0M · 0.62%
Options for Learning CA$23.9M · 0.09%
Angelus Block Company, Inc. CA$23.4M · 0.31%
Resources Legacy Fund CA$22.7M · 0.26%
Dewey Services, Inc. CA$22.3M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951318135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.