Plan Ledger DOL Form 5500 · updated monthly

Watchpoint Logistics, Inc.401(k)

WATCHPOINT LOGISTICS, INC. 401(K) PROFIT SHARING PLAN · BURLINGAME, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Watchpoint Logistics, Inc. reported $2,635 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,228 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 0.025% to 0.019%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 4,380th-largest of 9,483 plans among California employers on file, and the 897th of 2,677 in transportation & warehousing. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 101 to 114 since 2022.

Plan summary
Net assets, end of year$15,105,236
Participants with balances110
Active participants114
Employer contributions$254,030
Employee contributions$512,455
Employer contribution per active participant$2,228
Average account balance$137,320
Benefits paid to participants$506,905
Plan auditUnmodified (clean) audit opinion
AuditorFOUMBERG, JUNEJA, ROCHER & CO.,
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 110 accts · $254K emplr
2023$12.8M · 110 accts · $254K emplr
2022$10.6M · 109 accts · $274K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,635
Total administrative$2,635
The Watchpoint Logistics, Inc. 401(k) match · 2024
Employer contribution per active participant$2,228
Median for plans this size$2,416
2024$2,228 per active participant
2023$2,115 per active participant
2022$2,712 per active participant

Watchpoint Logistics, 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$62,560

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$2,635 · 0.02%
2023$3,833 · 0.03%
2022$2,991 · 0.02%
Same employer
Similar plansTransportation & Warehousing · California
Hrd Aero Systems, Inc. CA$16.3M · 0.44%
Ancon Marine, Inc. CA$15.9M · 0.93%
Price Transfer, Inc. CA$15.8M · 0.61%
Dreisbach Enterprises, Inc. CA$14.5M · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 943102396 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.