Plan Ledger DOL Form 5500 · updated monthly

Therm-X of California, Inc.401(k)

THERM-X OF CALIFORNIA 401(K) PROFIT SHARING PLAN · HAYWARD, CA · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Therm-X of California, Inc. reported $116,305 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,943 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 0.98% to 0.91%. 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 4,567th-largest of 9,483 plans among California employers on file, and 7,380th of 13,661 in manufacturing. In 2024, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,021,123
Participants with balances231
Active participants289
Employer contributions$561,489
Employee contributions$1,336,976
Employer contribution per active participant$1,943
Average account balance$60,698
Benefits paid to participants$1,279,531
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 231 accts · $561K emplr
2023$11.5M · 231 accts · $472K emplr
2022$9.1M · 218 accts · $469K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,805
Audit (IQPA)$12,500
Total administrative$116,305
The Therm-X of California, Inc. 401(k) match · 2024
Employer contribution per active participant$1,943
Median for plans this size$2,416
2024$1,943 per active participant
2023$1,716 per active participant
2022$1,724 per active participant

Therm-X of California, Inc.'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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$103,805
SCOTT MILLER CPA & ASSOCIATES INC. · Accounting / audit$12,500

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$116,305 · 0.91%
2023$104,296 · 1.01%
2022$90,690 · 0.98%
Same employer
Similar plansManufacturing · California
Industrial Dynamics Co. LTD CA$14.2M · 0.30%
Navien, Inc. CA$14.1M · 0.03%
Avantus Aerospace, Inc. CA$14.1M · 0.71%
Capstan, Inc. CA$14.0M · 0.02%
Maintex, Inc. CA$14.0M · 0.26%
Aethercomm, Inc. CA$13.9M · 0.13%
Den-Mat Holdings, LLC CA$13.9M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942393175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.