Plan Ledger DOL Form 5500 · updated monthly

Storm Water Inspection & Maintenanc401(k)

SWIM 401(K) PLAN · BRENTWOOD, CA · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Storm Water Inspection & Maintenanc reported $36,964 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,712 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 1 year on file its reported administrative ratio fell from 2.93% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (7,384th of 9,483), and 4,223rd of 5,337 in construction. In 2024, the employer put in $2.32 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,012,000
Participants with balances134
Active participants78
Employer contributions$367,549
Employee contributions$158,647
Employer contribution per active participant$4,712
Average account balance$29,940
Benefits paid to participants$612,457
Plan auditUnmodified (clean) audit opinion
AuditorSTAMBAUGH NESS
Plan history2
Yearassets · accounts · employer contribution
2024$4.0M · 134 accts · $368K emplr
2023$3.7M · 132 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,738
Investment management$20,226
Total administrative$36,964
The Storm Water Inspection & Maintenanc 401(k) match · 2024
Employer contribution per active participant$4,712
Median for plans this size$1,313
2024$4,712 per active participant
2023$3,488 per active participant

Storm Water Inspection & Maintenanc'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 · 20243
COMMONWEALTH EQUITY SERVICES LLC · Investment advisory (plan)$17,151
EMPOWER ANNUITY INSURANCE COMPANY · Investment management$3,075

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

Administrative cost history2
2024$36,964 · 0.96%
2023$116,478 · 2.93%
Similar plansConstruction · California
Schamber Electric, Inc. CA$4.1M · 0.42%
McCuen Construction, Inc. CA$4.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943411952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.