Plan Ledger DOL Form 5500 · updated monthly

Western Engineering Contractors Inc401(k)

WESTERN ENGINEERING CONTRACTORS INC 401K PROFIT SHARING PLAN · LOOMIS, CA · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Western Engineering Contractors Inc reported $83,245 in plan administrative expenses for 2023: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,374 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 0.59% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,668th-largest of 9,483 plans among California employers on file, and the 5,602nd of 11,654 in professional & technical services. In 2023, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,747,128
Participants with balances124
Active participants97
Employer contributions$327,243
Employee contributions$627,589
Employer contribution per active participant$3,374
Average account balance$159,251
Benefits paid to participants$1,659,202
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 124 accts · $398K emplr
2023$19.7M · 124 accts · $327K emplr
2022$17.9M · 127 accts · $343K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,495
Investment management$40,000
Audit (IQPA)$18,750
Total administrative$83,245
The Western Engineering Contractors Inc 401(k) match · 2023
Employer contribution per active participant$3,374
Median for plans this size$2,440
2024$4,108 per active participant
2023$3,374 per active participant
2022$3,460 per active participant

Western Engineering Contractors Inc's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$40,000
LARSON ALLEN LLP · Accounting / audit$18,750
ASSOCIATED PENSION CONSULTANTS · Contract administrator$11,338

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$99,192 · 0.51%
2023$83,245 · 0.44%
2022$119,197 · 0.59%
Same employer
Similar plansProfessional & Technical Services · California
A P R Consulting, Inc. CA$19.8M · 0.01%
Invivoscribe, Inc. CA$19.8M · 0.51%
Manson Western, LLC CA$19.8M · 0.54%
B S K Associates CA$19.8M · 0.08%
Mirantis, Inc. CA$19.7M · 0.05%
Mineral, Inc. CA$19.6M · 0.01%
Bay Area Legal Aid CA$19.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942901297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.