Plan Ledger DOL Form 5500 · updated monthly

Westech Systems, LLC401(k)

WESTECH SYSTEMS, LLC RETIREMENT PLAN · CLOVIS, CA · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Westech Systems, LLC reported $77,823 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,858 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 0.80% to 0.68%. 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 among the smaller plans on file in California (4,824th of 9,483), and 2,719th of 5,337 in construction. In 2024, the employer put in $2.28 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$12,718,301
Participants with balances233
Active participants203
Employer contributions$1,189,235
Employee contributions$520,657
Employer contribution per active participant$5,858
Average account balance$54,585
Benefits paid to participants$558,970
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 233 accts · $1.2M emplr
2023$10.2M · 247 accts · $693K emplr
2022$8.6M · 264 accts · $790K emplr
Administrative expenses, itemized · 2024
Investment management$77,823
Total administrative$77,823
The Westech Systems, LLC 401(k) match · 2024
Employer contribution per active participant$5,858
Median for plans this size$2,416
2024$5,858 per active participant
2023$3,708 per active participant
2022$3,911 per active participant

Westech Systems, LLC'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 LIFE INSURANCE CO · Recordkeeping$1,050
LPL FINANCIAL LLC · Investment advisory (participants)$31,904

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$77,823 · 0.68%
2023$68,776 · 0.73%
2022$70,488 · 0.80%
Similar plansConstruction · California
M Bar C Construction, Inc. CA$12.9M · 0.30%
Hillcrest Contracting, Inc. CA$12.8M · 0.65%
Sherwood Mechanical, Inc. CA$12.5M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851070563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.