Plan Ledger DOL Form 5500 · updated monthly

Mwidm, Inc.401(k)

MWIDM, INC. 401K PLAN · WYNNEWOOD, PA · plan year 2023

Reported admin expense ratio · 2023
4.49%

Mwidm, Inc. reported $12,475 in plan administrative expenses for 2023: 4.49% 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 1 year on file its reported administrative ratio rose from 1.65% to 4.49%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Pennsylvania (3,600th of 3,651), and 2,412th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$288,252
Participants with balances109
Active participants54
Employer contributions—
Employee contributions$128,078
Employer contribution per active participant—
Average account balance$2,645
Benefits paid to participants$137,655
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER & WILLIAMS
Plan history2
Yearassets · accounts · employer contribution
2023$288K · 109 accts
2022$268K · 250 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,475
Total administrative$12,475
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 · 20231
ADP, INC. · Loan processing · Recordkeeping$12,474

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$12,475 · 4.49%
2022$2,585 · 1.65%
Similar plansAdministrative & Support Services · Pennsylvania
U.S. Security Care, Inc. PA$783K · 0.03%
Empyreal Enterprises PA$124K · 6.94%
Venio, LLC dba Keane PA$69K · 1.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 471277918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.