Plan Ledger DOL Form 5500 · updated monthly

Valmetal Tulare, Inc.401(k)

VALMETAL 401K PLAN · TULARE, CA · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Valmetal Tulare, Inc. reported $58,775 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,814 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 1 year on file its reported administrative ratio fell from 0.52% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 4,730th-largest of 9,483 plans among California employers on file, and the 845th of 2,534 in administrative & support services. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,119,845
Participants with balances125
Active participants132
Employer contributions$239,428
Employee contributions$462,054
Employer contribution per active participant$1,814
Average account balance$104,959
Benefits paid to participants$851,752
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$13.1M · 125 accts · $239K emplr
2023$11.8M · 131 accts · $224K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,920
Investment management$27,855
Total administrative$58,775
The Valmetal Tulare, Inc. 401(k) match · 2024
Employer contribution per active participant$1,814
Median for plans this size$2,416
2024$1,814 per active participant
2023$1,790 per active participant

Valmetal Tulare, 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
WESPAC PLAN SERVICES, LLC · Accounting / audit · Contract administrator$30,919
WESPAC ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$27,855

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

Recordkeeper by year2
2024WESPAC PLAN SERVICES, LLC
2023WESPAC PLAN SERVICES, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$58,775 · 0.47%
2023$58,694 · 0.52%
Similar plansAdministrative & Support Services · California
San Diego Tourism Authority CA$13.4M · 0.24%
Drata Inc CA$13.3M · 0.11%
Popout, Inc. dba Shippo CA$13.2M · 0.07%
Riviera Partners CA$12.9M · 0.19%
Majorel USA, Inc. CA$12.8M · 0.42%
Fisher Holdings Inc CA$12.3M · 0.48%
Pacific Coast Termite, Inc. CA$12.2M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391336636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.