Plan Ledger DOL Form 5500 · updated monthly

R. P. Weddell & Sons Co.401(k)

R. P. WEDDELL & SONS CO. RETIREMENT SAVINGS PLAN · LAS VEGAS, NV · plan year 2023

Reported admin expense ratio · 2023
1.98%

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

R. P. Weddell & Sons Co. reported $74,664 in plan administrative expenses for 2023: 1.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,281 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 1.71% to 2.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Nevada (299th of 437), and 4,171st of 5,337 in construction. In 2023, the employer put in $4.82 for every $1.00 employees contributed themselves; active participation has shrunk from 315 to 254 since 2022.

Plan summary
Net assets, end of year$4,223,394
Participants with balances330
Active participants254
Employer contributions$579,486
Employee contributions$120,264
Employer contribution per active participant$2,281
Average account balance$12,798
Benefits paid to participants$411,822
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 308 accts · $437K emplr
2023$4.2M · 330 accts · $579K emplr
2022$3.3M · 317 accts · $1.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,695
Investment management$54,969
Total administrative$74,664
The R. P. Weddell & Sons Co. 401(k) match · 2023
Employer contribution per active participant$2,281
Median for plans this size$1,308
2024$3,191 per active participant
2023$2,281 per active participant
2022$4,709 per active participant

R. P. Weddell & Sons Co.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
BENECO SYSTEMS, LLC · Participant communication · Loan processing$74,644

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$83,433 · 2.16%
2023$74,664 · 1.98%
2022$48,564 · 1.71%
Similar plansConstruction · Nevada
Blue Heron Companies, LLC NV$5.4M · 0.27%
Hirschi Companies, LLC NV$4.4M · 0.12%
V.T. Construction, Inc. NV$3.9M · 1.34%
Sunrise Carpentry, Inc. NV$3.4M · 0.69%
Pwi Construction, Inc. NV$3.1M · 0.34%
Dtlv Employees LLC NV$2.6M · 1.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880240013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.