Plan Ledger DOL Form 5500 · updated monthly

Titan Metal Fabricators, Inc.401(k)

TITAN METAL FABRICATORS, INC. 401(K) PLAN · CAMARILLO, CA · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

Titan Metal Fabricators, Inc. reported $2,934 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,408 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 3 years on file its reported administrative ratio has held roughly steady near 0.035%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,946th of 9,483), and 9,555th of 13,661 in manufacturing. In 2023, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,261,939
Participants with balances134
Active participants160
Employer contributions$385,254
Employee contributions$680,720
Employer contribution per active participant$2,408
Average account balance$61,656
Benefits paid to participants$731,349
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 109 accts · $394K emplr
2023$8.3M · 134 accts · $385K emplr
2022$6.8M · 128 accts · $348K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$464
Investment management$2,470
Total administrative$2,934
The Titan Metal Fabricators, Inc. 401(k) match · 2023
Employer contribution per active participant$2,408
Median for plans this size$1,308
2024$3,181 per active participant
2023$2,408 per active participant
2022$2,164 per active participant

Titan Metal Fabricators, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SENTRY LIFE INSURANCE COMPANY$464

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$2,743 · 0.03%
2023$2,934 · 0.04%
2022$2,430 · 0.03%
Similar plansManufacturing · California
Aisera, Inc. CA$8.4M · 0.08%
Nelson Name Plate Company CA$8.3M · 0.60%
Nevada Heat Treating, LLC CA$8.3M · 0.04%
Biomedical Devices, Inc. CA$8.2M · 0.00%
Tci Texarkana, Inc. CA$8.2M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770485212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.