Plan Ledger DOL Form 5500 · updated monthly

Macpherson Western Tool & Supply Co., Inc.401(k)

MACPHERSON WESTERN TOOL & SUPPLY CO., INC. 401(K) PLAN · TRACY, CA · plan year 2023

Reported admin expense ratio · 2023
0.70%

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

Macpherson Western Tool & Supply Co., Inc. reported $65,543 in plan administrative expenses for 2023: 0.70% of average plan assets, above the peer median. Employer contributions averaged $428 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 1 year on file its reported administrative ratio rose from 0.67% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (5,377th of 9,483), and 2,875th of 4,246 in wholesale trade. In 2023, employees put in $9.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,259,170
Participants with balances211
Active participants196
Employer contributions$83,908
Employee contributions$831,277
Employer contribution per active participant$428
Average account balance$48,622
Benefits paid to participants$618,470
Plan auditUnmodified (clean) audit opinion
AuditorJOHANSON & YAU
Plan history2
Yearassets · accounts · employer contribution
2023$10.3M · 211 accts · $84K emplr
2022$8.4M · 213 accts · $88K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$65,543
Total administrative$65,543
The Macpherson Western Tool & Supply Co., Inc. 401(k) match · 2023
Employer contribution per active participant$428
Median for plans this size$1,308
2023$428 per active participant
2022$480 per active participant

Macpherson Western Tool & Supply Co., Inc.'s 2023 employer contribution ran below the $1,308 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$65,597
PRINCIPAL SECURITIES INC · 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 history2
2023$65,543 · 0.70%
2022$62,805 · 0.67%
Same employer
Similar plansWholesale Trade · California
Packaging Matters, LLC CA$10.4M · 0.63%
Naturipe Berry Growers CA$10.4M · 0.63%
Wpg Americas, Inc. CA$10.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941492715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.