Plan Ledger DOL Form 5500 · updated monthly

Specright Inc401(k)

SPECRIGHT INC 401(K) PROFIT SHARING PLAN & TRUST · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Specright Inc reported $13,920 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $5,100 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 0.78% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,802nd of 9,483), and 9,541st of 11,654 in professional & technical services. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,632,288
Participants with balances151
Active participants94
Employer contributions$479,441
Employee contributions$1,114,606
Employer contribution per active participant$5,100
Average account balance$37,300
Benefits paid to participants$766,571
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 151 accts · $479K emplr
2023$3.8M · 161 accts · $106K emplr
2022$2.3M · 143 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,228
Investment management$11,692
Total administrative$13,920
The Specright Inc 401(k) match · 2024
Employer contribution per active participant$5,100
Median for plans this size$1,313
2024$5,100 per active participant
2023$943 per active participant

Specright Inc's 2024 employer contribution ran above the $1,313 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
GUIDELINE, INC. · Plan administrator · Recordkeeping$12,586

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

Recordkeeper by year2
2024Guideline
2023Guideline

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

Administrative cost history3
2024$13,920 · 0.29%
2023$14,844 · 0.49%
2022$14,787 · 0.78%
Same employer
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Onelight Holdings, Inc. CA$5.7M · 0.00%
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Honeybook, Inc. CA$5.7M · 0.22%
Luxury Presence LLC CA$5.7M · 0.25%
Carrum Health, Inc. CA$5.6M · 1.17%
Tray.Io, Inc CA$5.6M · 0.35%
Culture Biosciences, Inc CA$5.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471571522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.