Plan Ledger DOL Form 5500 · updated monthly

Vellutini Corporation401(k)

ROYAL ELECTRIC COMPANY 401(K) PLAN · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Vellutini Corporation reported $96,730 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $9,122 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 0.24% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 2,229th-largest of 9,483 plans among California employers on file, and the 1,285th of 5,337 in construction. In 2024, the employer put in $1.59 for every $1.00 employees contributed themselves; active participation has grown from 252 to 386 since 2022.

Plan summary
Net assets, end of year$38,052,345
Participants with balances527
Active participants386
Employer contributions$3,521,001
Employee contributions$2,216,769
Employer contribution per active participant$9,122
Average account balance$72,206
Benefits paid to participants$5,572,891
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.1M · 527 accts · $3.5M emplr
2023$31.9M · 425 accts · $2.9M emplr
2022$25.4M · 351 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,630
Investment management$31,100
Total administrative$96,730
The Vellutini Corporation 401(k) match · 2024
Employer contribution per active participant$9,122
Median for plans this size$2,416
2024$9,122 per active participant
2023$8,873 per active participant
2022$7,330 per active participant

Vellutini Corporation's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$70,683
RAYMOND JAMES · Consulting$24,606

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$96,730 · 0.28%
2023$93,323 · 0.33%
2022$64,374 · 0.24%
Same employer
Similar plansConstruction · California
Blach Construction Company CA$38.8M · 0.32%
The Don Chapin Co., Inc. CA$38.6M · 0.28%
American Incorporated CA$38.0M · 0.35%
Vortex Industries, LLC CA$37.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942422340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.