Plan Ledger DOL Form 5500 · updated monthly

US Motor Works, LLC401(k)

US MOTOR WORKS, LLC 401(K) PROFIT SHARING PLAN · SANTA FE SPRINGS, CA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

US Motor Works, LLC reported $64,867 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,447 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 0.58% to 0.52%. 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 4,639th-largest of 9,483 plans among California employers on file, and 7,503rd of 13,661 in manufacturing. In 2024, the employer put in $1.43 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,654,439
Participants with balances231
Active participants238
Employer contributions$582,444
Employee contributions$406,631
Employer contribution per active participant$2,447
Average account balance$59,110
Benefits paid to participants$634,364
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 231 accts · $582K emplr
2023$11.5M · 240 accts · $570K emplr
2022$9.0M · 169 accts · $508K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,106
Investment management$55,761
Total administrative$64,867
The US Motor Works, LLC 401(k) match · 2024
Employer contribution per active participant$2,447
Median for plans this size$2,416
2024$2,447 per active participant
2023$2,511 per active participant
2022$2,267 per active participant

US Motor Works, LLC's 2024 employer contribution ran above 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 · 20243
VALMARK SECURITIES INC. · Recordkeeping · Pension consulting$55,760
ADP, INC. · Loan processing · Recordkeeping$9,106
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, VALMARK SECURITIES INC.
2023ADP, VALMARK SECURITIES INC.

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Administrative cost history3
2024$64,867 · 0.52%
2023$26,242 · 0.26%
2022$57,274 · 0.58%
Similar plansManufacturing · California
Inhibrx, Inc. CA$13.8M · 0.13%
Heath Ceramics, LTD. CA$13.8M · 0.57%
Belkorp AG Holdings, Inc. CA$13.8M · 0.22%
Ruggable, LLC CA$13.6M · 0.65%
Snak-King LLC CA$13.6M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954538566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.