Plan Ledger DOL Form 5500 · updated monthly

Weber Metals, Inc.401(k)

WEBER METALS, INC. SAVINGS AND RETIREMENT PLAN · PARAMOUNT, CA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Weber Metals, Inc. reported $109,059 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $955 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 0.17% to 0.36%. 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 2,549th-largest of 9,483 plans among California employers on file, and the 4,271st of 13,661 in manufacturing. In 2024, employees put in $5.79 for every $1.00 the employer contributed; active participation has grown from 310 to 401 since 2022.

Plan summary
Net assets, end of year$32,080,619
Participants with balances448
Active participants401
Employer contributions$383,055
Employee contributions$2,217,085
Employer contribution per active participant$955
Average account balance$71,609
Benefits paid to participants$3,396,711
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.1M · 448 accts · $383K emplr
2023$29.3M · 424 accts · $352K emplr
2022$25.3M · 409 accts · $316K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,949
Investment management$38,110
Total administrative$109,059
The Weber Metals, Inc. 401(k) match · 2024
Employer contribution per active participant$955
Median for plans this size$2,416
2024$955 per active participant
2023$1,046 per active participant
2022$1,020 per active participant

Weber Metals, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$35,000
EMPOWER ADVISORY GROUP · Investment management$3,110

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

Administrative cost history3
2024$109,059 · 0.36%
2023$75,140 · 0.28%
2022$46,668 · 0.17%
Same employer
Similar plansManufacturing · California
Crystal Creamery Inc. CA$33.0M · 0.16%
Lumenis Be, Inc. CA$32.6M · 0.59%
Traditional Medicinals, Inc CA$31.8M · 0.33%
Lockwood Industries, LLC CA$31.7M · 0.29%
C.G. Roxane CA$31.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952222524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.