Plan Ledger DOL Form 5500 · updated monthly

Western Cnc, Inc.401(k)

EMPLOYEE 401(K) SAVINGS PLAN · VISTA, CA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Western Cnc, Inc. reported $47,664 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,360 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 0.68% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,825th of 9,483), and 9,350th of 13,661 in manufacturing. In 2024, employees put in $2.70 for every $1.00 the employer contributed; active participation has grown from 106 to 139 since 2022.

Plan summary
Net assets, end of year$8,708,504
Participants with balances157
Active participants139
Employer contributions$189,100
Employee contributions$510,812
Employer contribution per active participant$1,360
Average account balance$55,468
Benefits paid to participants$128,701
Plan auditUnmodified (clean) audit opinion
AuditorFILIPOVITCH & CO
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 157 accts · $189K emplr
2023$7.4M · 134 accts · $160K emplr
2022$6.2M · 121 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,165
Audit (IQPA)$9,499
Total administrative$47,664
The Western Cnc, Inc. 401(k) match · 2024
Employer contribution per active participant$1,360
Median for plans this size$1,313
2024$1,360 per active participant
2023$1,369 per active participant
2022$1,395 per active participant

Western Cnc, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$38,164
FILIPOVITCH & CO. · Accounting / audit$9,500
SECURITIES AMERICA ADVISORS · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$47,664 · 0.59%
2023$45,307 · 0.67%
2022$45,055 · 0.68%
Same employer
Similar plansManufacturing · California
Silvus Technologies, Inc. CA$8.7M · 0.26%
Semifreddi's Bakery CA$8.7M · 0.65%
Bolt Threads, Inc. CA$8.7M · 0.39%
Natals, Inc. CA$8.7M · 0.11%
L2T, Inc. CA$8.6M · 0.16%
Zoo Med Laboratories Inc CA$8.6M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953557222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.