Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Wisconsin Sheet401(k)

WISCONSIN SHEET METAL WORKERS 401(K) PROFIT SHARING PLAN · WAUKESHA, WI · plan year 2024

Reported admin expense ratio · 2024
0.42%

Board of Trustees of the Wisconsin Sheet reported $245,978 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. 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 0.47% to 0.42%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 356th-largest of 1,936 plans among Wisconsin employers on file, and the 906th of 5,337 in construction. active participation has grown from 896 to 1,119 since 2022.

Plan summary
Net assets, end of year$61,332,065
Participants with balances1,202
Active participants1,119
Employer contributions—
Employee contributions$3,662,787
Employer contribution per active participant—
Average account balance$51,025
Benefits paid to participants$4,286,294
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.3M · 1,202 accts
2023$54.8M · 1,138 accts
2022$45.6M · 1,073 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,390
Investment management$23,500
Audit (IQPA)$14,585
Trustee / custodial$7,957
Total administrative$245,978
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 · 20247
MILLIMAN, INC. · Trustee$102,219
REINHART BOERNER VAN DEUREN SC · Legal$80,489
BENEFIT PLAN ADMINISTRATION · Contract administrator$23,269
MARINER INSTITUTIONAL, LLC · Consulting$17,625
SIKICH CPA LLC · Accounting / audit$14,585
MATRIX TRUST COMPANY · Trustee$7,833
ANDCO CONSULTING LLC · Consulting$5,875

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$245,978 · 0.42%
2023$252,291 · 0.50%
2022$237,393 · 0.47%
Similar plansConstruction · Wisconsin
Bradley Corporation WI$74.4M · 0.14%
Ryan Incorporated Central WI$72.4M · 0.13%
C.R. Meyer and Sons Company WI$58.1M · 0.12%
Century Companies, Inc WI$52.4M · 0.07%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 391965830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.