Plan Ledger DOL Form 5500 · updated monthly

West-Tech Contracting, Inc.401(k)

WEST-TECH CONTRACTING, INC. 401(K) PLAN · ESCONDIDO, CA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

West-Tech Contracting, Inc. reported $78,541 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $11,973 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 0.43% to 0.51%. 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 4,122nd-largest of 9,483 plans among California employers on file, and the 2,299th of 5,337 in construction. In 2024, the employer put in $3.97 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,606,514
Participants with balances222
Active participants120
Employer contributions$1,436,764
Employee contributions$361,578
Employer contribution per active participant$11,973
Average account balance$74,804
Benefits paid to participants$1,306,570
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 222 accts · $1.4M emplr
2023$14.5M · 209 accts · $1.6M emplr
2022$11.9M · 233 accts · $1.2M emplr
The West-Tech Contracting, Inc. 401(k) match · 2024
Employer contribution per active participant$11,973
Median for plans this size$2,416
2024$11,973 per active participant
2023$7,817 per active participant
2022$9,789 per active participant

West-Tech Contracting, Inc.'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 · 20244
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$22,595
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants) · Investment managementindirect comp
ASCENSUS C/O FUTURPLAN · Other servicesindirect comp
FLYNN & PIEL INSURANCE SERVICES LLCindirect comp

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$78,541 · 0.51%
2023$28,450 · 0.22%
2022$55,457 · 0.43%
Similar plansConstruction · California
Trl Systems, Inc. CA$16.8M · 0.25%
Andy Gump, Inc. CA$16.5M · 0.51%
Del Amo Construction, LLC CA$16.3M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330506018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.