Plan Ledger DOL Form 5500 · updated monthly

Van Beurden Insurance Services, Inc.401(k)

VAN BEURDEN INSURANCE SERVICES, INC. 401(K) PROFIT SHARING PLAN · KINGSBURG, CA · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Van Beurden Insurance Services, Inc. reported $80,861 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,020 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 has held roughly steady near 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4,151st-largest of 9,483 plans among California employers on file, and 3,358th of 4,798 in finance & insurance. In 2023, employees put in $5.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,438,305
Participants with balances95
Active participants55
Employer contributions$56,101
Employee contributions$319,407
Employer contribution per active participant$1,020
Average account balance$173,035
Benefits paid to participants$1,396,323
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$16.4M · 95 accts · $56K emplr
2022$15.1M · 109 accts · $80K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$80,861
Total administrative$80,861
The Van Beurden Insurance Services, Inc. 401(k) match · 2023
Employer contribution per active participant$1,020
Median for plans this size$2,440
2023$1,020 per active participant
2022$1,398 per active participant

Van Beurden Insurance Services, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$80,860
PURSHE KAPLAN STERLING INVESTMENTS · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$80,861 · 0.51%
2022$95,520 · 0.52%
Similar plansFinance & Insurance · California
Gbc International Bank CA$16.6M · 0.36%
Poppy Bank CA$16.6M · 0.06%
Tri-Ad Actuaries, Inc. CA$16.5M · 0.05%
Align Financial Holdings CA$16.4M · 0.36%
University Credit Union CA$16.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941681804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.