Plan Ledger DOL Form 5500 · updated monthly

Allegheny Wood Products, Inc.401(k)

ALLEGHENY WOOD PRODUCTS, INC. 401(K) PROFIT SHARING PLAN · PETERSBURG, WV · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Allegheny Wood Products, Inc. reported $84,451 in plan administrative expenses for 2023: 0.62% of average plan assets, higher than ~90% of peers. Employer contributions averaged $29 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 has held roughly steady near 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 108th-largest of 265 plans among West Virginia employers on file, and 7,315th of 13,661 in manufacturing. In 2023, employees put in $34.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,234,668
Participants with balances425
Active participants479
Employer contributions$13,899
Employee contributions$483,617
Employer contribution per active participant$29
Average account balance$33,493
Benefits paid to participants$1,394,410
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$14.2M · 425 accts · $14K emplr
2022$12.8M · 462 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$84,451
Total administrative$84,451
The Allegheny Wood Products, Inc. 401(k) match · 2023
Employer contribution per active participant$29
Median for plans this size$2,440
2023$29 per active participant
2022$2,231 per active participant

Allegheny Wood Products, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$84,451
RBC CAPITAL MARKETS, LLC · 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
2024Not separately reported
2023$84,451 · 0.62%
2022$84,701 · 0.59%
Same employer
Similar plansManufacturing · West Virginia
Swanson Industries, Inc. WV$25.3M · 0.31%
Rubberlite, Inc. WV$25.3M · 0.14%
Conn-Weld Industries, LLC WV$16.4M · 0.03%
Troy Group, Inc. WV$15.4M · 0.29%
Woodcraft, LLC WV$13.2M · 0.50%
Dalb, Inc. WV$12.5M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550537190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.