What are the fees in the Teserra 401(k) plan?

For plan year 2022, Teserra reported $30,395 in plan administrative expenses, or 1.08% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Teserra 401(k)?

The average participant account balance was $51,536 for plan year 2022, based on 48 accounts.

Teserra401(k)

Name: Teserra 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

TESERRA 401(K) PROFIT SHARING PLAN · PALM DESERT, CA · plan year 2022

Reported admin expense ratio · 2022

1.08%

Teserra reported $30,395 in plan administrative expenses for 2022: 1.08% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (8,093rd of 9,483), and 4,678th of 5,337 in construction.

Plan summary
Net assets, end of year$2,473,721
Participants with balances48
Active participants142
Employer contributions—
Employee contributions$164,846
Employer contribution per active participant—
Average account balance$51,536
Benefits paid to participants$301,624
Plan auditUnmodified (clean) audit opinion
AuditorPENSION ASSURANCE LLP

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$7,199

Investment management$23,196

Total administrative$30,395

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$30,395 · 1.08%

Similar plansConstruction · California
Fire Sprinkler Systems Inc CA$2.6M · 1.02%
Aaa Electrical & Communications, Inc. CA$2.6M · 1.15%
The Holcomb Corporation CA$2.5M · 0.65%
Walt Oxley Enterprises, Inc. dba Ciarra Construction CA$2.5M · 0.48%
Spectrum Security Services, Inc. CA$2.4M · 0.11%
Mayacama Golf Club, LLC CA$2.4M · 0.46%
Bravo Concrete Construction Services, Inc. dba Bravo Concrete CA$2.4M · 1.12%
Leonard Roofing, Inc. CA$2.4M · 0.03%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 330104767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.