Plan Ledger DOL Form 5500 · updated monthly

Tinco Sheet Metal Inc.401(k)

TINCO SHEET METAL 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
1.08%

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

Tinco Sheet Metal Inc. reported $57,397 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,605 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 1.01% to 1.08%. 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 (6,687th of 9,483), and 3,787th of 5,337 in construction. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has shrunk from 195 to 174 since 2022.

Plan summary
Net assets, end of year$5,953,193
Participants with balances156
Active participants174
Employer contributions$279,195
Employee contributions$477,335
Employer contribution per active participant$1,605
Average account balance$38,161
Benefits paid to participants$135,380
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 156 accts · $279K emplr
2023$4.7M · 152 accts · $265K emplr
2022$3.5M · 152 accts · $272K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,553
Investment management$26,844
Total administrative$57,397
The Tinco Sheet Metal Inc. 401(k) match · 2024
Employer contribution per active participant$1,605
Median for plans this size$1,313
2024$1,605 per active participant
2023$1,445 per active participant
2022$1,396 per active participant

Tinco Sheet Metal Inc.'s 2024 employer contribution ran above the $1,313 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
LPL FINANCIAL LLC - RPCP · Investment advisory (participants)$25,812

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$57,397 · 1.08%
2023$42,132 · 1.03%
2022$35,036 · 1.01%
Similar plansConstruction · California
Alpha Mechanical, Inc. CA$6.1M · 1.32%
Cleanrite, Inc. CA$5.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200475281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.