Plan Ledger DOL Form 5500 · updated monthly

Statek Corporation401(k)

THE STATEK SMART 401(K) PLAN · ORANGE, CA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Statek Corporation reported $116,603 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,866 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 0.24% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,176th-largest of 9,483 plans among California employers on file, and the 3,733rd of 13,661 in manufacturing. In 2024, employees put in $2.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,273,777
Participants with balances250
Active participants234
Employer contributions$436,596
Employee contributions$1,168,343
Employer contribution per active participant$1,866
Average account balance$157,095
Benefits paid to participants$747,507
Plan auditUnmodified (clean) audit opinion
AuditorWEWORSKI & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 250 accts · $437K emplr
2023$33.2M · 252 accts · $379K emplr
2022$27.8M · 244 accts · $345K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,603
Total administrative$116,603
The Statek Corporation 401(k) match · 2024
Employer contribution per active participant$1,866
Median for plans this size$2,416
2024$1,866 per active participant
2023$1,581 per active participant
2022$1,519 per active participant

Statek Corporation's 2024 employer contribution ran below 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$116,603
PENSIONMARK FINANCIAL GROUP 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$116,603 · 0.32%
2023$106,604 · 0.35%
2022$76,102 · 0.24%
Same employer
Similar plansManufacturing · California
Quantumscape Battery, Inc. CA$39.9M · 0.05%
Neuropace, Inc. CA$39.7M · 0.12%
Sierra Wireless America CA$38.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330019795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.