Plan Ledger DOL Form 5500 · updated monthly

Westmont Industries LLC401(k)

WESTMONT GROUP EMPLOYEES' 401(K) PLAN · SANTA FE SPRINGS, CA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Westmont Industries LLC reported $85,566 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,966 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 0.27% to 0.43%. 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 3,464th-largest of 9,483 plans among California employers on file, and the 5,670th of 13,661 in manufacturing. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 145 to 202 since 2022.

Plan summary
Net assets, end of year$21,406,588
Participants with balances243
Active participants202
Employer contributions$599,184
Employee contributions$1,168,668
Employer contribution per active participant$2,966
Average account balance$88,093
Benefits paid to participants$713,544
Plan auditUnmodified (clean) audit opinion
AuditorFINEMAN WEST & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 243 accts · $599K emplr
2023$18.2M · 235 accts · $478K emplr
2022$15.3M · 227 accts · $419K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,246
Investment management$48,281
Audit (IQPA)$13,039
Total administrative$85,566
The Westmont Industries LLC 401(k) match · 2024
Employer contribution per active participant$2,966
Median for plans this size$2,416
2024$2,966 per active participant
2023$2,717 per active participant
2022$2,886 per active participant

Westmont Industries LLC's 2024 employer contribution ran above the $2,416 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 · 20243
ASCENSUS LLC · Loan processing · Recordkeeping$26,614
WELLS FARGO ADVISORS · Investment advisory (plan)$48,281
FINEMAN WEST & CO · Accounting / audit$13,039

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$85,566 · 0.43%
2023$42,527 · 0.25%
2022$45,305 · 0.27%
Same employer
Similar plansManufacturing · California
Doughtronics, Inc. CA$21.7M · 0.14%
Hogan Mfg., Inc. CA$21.7M · 0.53%
S. Martinelli & Company CA$21.5M · 0.02%
Orco Block & Hardscape CA$21.4M · 0.30%
Suss Microtec, Inc. CA$21.4M · 0.25%
Sight Sciences, Inc. CA$21.3M · 0.30%
Harris Ranch Beef Company CA$21.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952880878 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.