Plan Ledger DOL Form 5500 · updated monthly

Godfrey & Wing, LLC401(k)

THE GODFREY & WING RETIREMENT SAVINGS PLAN · AURORA, OH · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Godfrey & Wing, LLC reported $13,590 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $3,655 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 0.19% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (2,650th of 3,295), and 2,433rd of 3,341 in other services. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,231,093
Participants with balances174
Active participants110
Employer contributions$402,007
Employee contributions$409,558
Employer contribution per active participant$3,655
Average account balance$24,317
Benefits paid to participants$1,233,361
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 174 accts · $402K emplr
2023$4.1M · 145 accts · $321K emplr
2022$4.0M · 119 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,540
Total administrative$13,590
The Godfrey & Wing, LLC 401(k) match · 2024
Employer contribution per active participant$3,655
Median for plans this size$1,313
2024$3,655 per active participant
2023$3,450 per active participant
2022$2,813 per active participant

Godfrey & Wing, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GLOBAL RETIREMENT PARTNERSindirect comp
M2B RETIREMENT CONSULTING · Other servicesindirect 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
2024$13,590 · 0.33%
2023$7,555 · 0.19%
2022$6,015 · 0.19%
Similar plansOther Services · Ohio
Same OH$4.5M · 0.43%
Applewood Centers, Inc. OH$4.4M · 0.94%
Signum LLC OH$4.2M · 0.04%
Reino Linen Service, Inc. OH$4.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842434670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.