Plan Ledger DOL Form 5500 · updated monthly

R. W. Warner, Inc.401(k)

R. W. WARNER, INC. PROFIT SHARING AND 401(K) PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

R. W. Warner, Inc. reported $90,252 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $209 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 0.86% to 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (986th of 1,671), and 3,074th of 5,337 in construction. In 2024, employees put in $14.73 for every $1.00 the employer contributed; active participation has shrunk from 276 to 239 since 2022.

Plan summary
Net assets, end of year$10,139,328
Participants with balances281
Active participants239
Employer contributions$50,000
Employee contributions$736,363
Employer contribution per active participant$209
Average account balance$36,083
Benefits paid to participants$589,671
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 281 accts · $50K emplr
2023$8.8M · 271 accts · $46K emplr
2022$7.7M · 280 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,327
Investment management$44,925
Audit (IQPA)$17,500
Trustee / custodial$500
Total administrative$90,252
The R. W. Warner, Inc. 401(k) match · 2024
Employer contribution per active participant$209
Median for plans this size$1,313
2024$209 per active participant
2023$170 per active participant
2022$164 per active participant

R. W. Warner, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MORGAN STANLEY · Investment advisory (participants) · Investment advisory (plan)$44,925
NWPS · Loan processing$27,327
ELLIN AND TUCKER · Accounting / audit$17,500

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$90,252 · 0.95%
2023$47,400 · 0.58%
2022$73,637 · 0.86%
Same employer
Similar plansConstruction · Maryland
The Joy Companies, Inc. MD$10.5M · 0.73%
Commercial Interiors, Inc. MD$10.3M · 0.47%
The Bartley Corporation MD$10.2M · 0.43%
Scaffold Resource, LLC MD$9.5M · 0.63%
R & F Metals, Inc. MD$9.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520846460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.