Plan Ledger DOL Form 5500 · updated monthly

The Spanos Corporation401(k)

THE SPANOS 401(K) INCENTIVE PLAN · STOCKTON, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

The Spanos Corporation reported $22,128 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $495 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 0.14% to 0.17%. 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 4,677th-largest of 9,483 plans among California employers on file, and the 2,646th of 5,337 in construction. In 2024, employees put in $12.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,437,205
Participants with balances89
Active participants108
Employer contributions$53,427
Employee contributions$647,988
Employer contribution per active participant$495
Average account balance$150,980
Benefits paid to participants$2,216,864
Plan auditUnmodified (clean) audit opinion
AuditorBOWMAN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 89 accts · $53K emplr
2023$13.0M · 156 accts · $51K emplr
2022$11.7M · 163 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,728
Total administrative$22,128
The The Spanos Corporation 401(k) match · 2024
Employer contribution per active participant$495
Median for plans this size$2,416
2024$495 per active participant
2023$453 per active participant
2022$423 per active participant

The Spanos Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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

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$22,128 · 0.17%
2023$17,776 · 0.14%
2022$19,232 · 0.14%
Same employer
Similar plansConstruction · California
Sonray Solar, Inc. CA$13.7M · 0.55%
Southland Paving Inc. CA$13.7M · 0.63%
Toro Enterprises, Inc. CA$13.5M · 0.30%
Park West Landscape, Inc. CA$13.3M · 0.40%
Saarman Construction, LTD. CA$13.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680347944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.