Plan Ledger DOL Form 5500 · updated monthly

H & M Wagner & Sons, Inc.401(k)

H & M WAGNER & SONS, INC. 401 (K) PROFIT SHARING PLAN AND TRUST · GLEN BURNIE, MD · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

H & M Wagner & Sons, Inc. reported $53,429 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,396 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 fell from 0.81% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Maryland (935th of 1,671), and 2,748th of 4,246 in wholesale trade. In 2024, employees put in $2.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,297,642
Participants with balances139
Active participants117
Employer contributions$280,327
Employee contributions$752,561
Employer contribution per active participant$2,396
Average account balance$81,278
Benefits paid to participants$1,310,711
Plan auditUnmodified (clean) audit opinion
AuditorBENEFIT AUDIT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 139 accts · $280K emplr
2023$10.4M · 148 accts · $278K emplr
2022$8.1M · 144 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,090
Investment management$26,890
Audit (IQPA)$449
Total administrative$53,429
The H & M Wagner & Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$2,396
Median for plans this size$2,416
2024$2,396 per active participant
2023$2,175 per active participant
2022$2,179 per active participant

H & M Wagner & Sons, Inc.'s 2024 employer contribution ran below 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$2,441
KESTRA ADVISORY SERVICES · Investment advisory (participants)$26,597

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,429 · 0.49%
2023$72,992 · 0.79%
2022$60,056 · 0.81%
Same employer
Similar plansWholesale Trade · Maryland
Barcoding, Inc. MD$12.5M · 0.39%
Burch Oil Company, Inc. MD$12.2M · 0.04%
Recipe Acquisition Corp. MD$11.3M · 0.40%
J. J. McDonnell & Co., Inc. MD$11.2M · 0.60%
Tri-Gas & Oil Co. Inc. MD$10.8M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520981891 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.