Plan Ledger DOL Form 5500 · updated monthly

Sunwest Electric, Inc.401(k)

SUNWEST ELECTRIC, INC. 401(K) PROFIT SHARING PLAN · ANAHEIM, CA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Sunwest Electric, Inc. reported $67,443 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,486 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 0.50% to 0.46%. 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 4,321st-largest of 9,483 plans among California employers on file, and the 2,408th of 5,337 in construction. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has shrunk from 282 to 161 since 2022.

Plan summary
Net assets, end of year$15,483,473
Participants with balances250
Active participants161
Employer contributions$400,206
Employee contributions$831,678
Employer contribution per active participant$2,486
Average account balance$61,934
Benefits paid to participants$1,093,393
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 250 accts · $400K emplr
2023$13.9M · 241 accts · $446K emplr
2022$13.8M · 322 accts · $785K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,443
Total administrative$67,443
The Sunwest Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$2,486
Median for plans this size$2,416
2024$2,486 per active participant
2023$2,670 per active participant
2022$2,783 per active participant

Sunwest Electric, 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment management$892

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$67,443 · 0.46%
2023$74,176 · 0.54%
2022$72,458 · 0.50%
Same employer
Similar plansConstruction · California
Telstar Instruments CA$15.8M · 0.05%
System Pavers, LLC CA$15.7M · 0.62%
Baker's Burgers, Inc CA$15.6M · 0.18%
Kana Pipeline, Inc. CA$15.3M · 0.49%
Nordic Industries, Inc. CA$15.2M · 0.51%
S.B.C.C., Inc. CA$15.2M · 0.86%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 330206309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.