Sandair Corporation DBA Californ 401(k) Review & Grade
Sandair Corporation 401(k) Profit Sharing Plan
Ripon, CATransportation & Warehousing570 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,464Employer $ per active participant
$3,401Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$21.1MNet plan assets, end of year
$49,097Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 59th |
| Employee saving | 56th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sandair Corporation DBA Californ put in about $2,464 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,405,890 |
| Participant (employee) contributions | $1,940,258 |
| Other contributions (incl. rollovers in) | $474,090 |
| Administrative expenses paid from the plan | $32,825 |
| Benefits paid out | $1,601,668 |
| Net assets, start / end of year | $17.0M / $21.1M |
| Active participants, start / end of year | 551 / 590 |
| Participants with account balances | 429 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Athlerton & Associates LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $17,560 reported compensation |
| John Hancock Life Insurance Company | $4,066 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141349NAL0005099489001, received 2025-10-15, EIN 68-0235645, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.