Plan Ledger DOL Form 5500 · updated monthly

Sobel Westex, Inc.401(k)

SOBEL WESTEX, INC. PROFIT SHARING 401(K) PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Sobel Westex, Inc. reported $25,018 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $876 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 0.78% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Nevada (237th of 437), and 1,888th of 3,341 in other services. In 2024, employees put in $4.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,839,274
Participants with balances105
Active participants121
Employer contributions$106,023
Employee contributions$490,433
Employer contribution per active participant$876
Average account balance$74,660
Benefits paid to participants$843,485
Plan auditUnmodified (clean) audit opinion
AuditorDDK & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 105 accts · $106K emplr
2023$7.8M · 111 accts · $103K emplr
2022$6.7M · 109 accts · $113K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,018
Total administrative$25,018
The Sobel Westex, Inc. 401(k) match · 2024
Employer contribution per active participant$876
Median for plans this size$1,313
2024$876 per active participant
2023$860 per active participant
2022$907 per active participant

Sobel Westex, Inc.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$25,018 · 0.32%
2023$48,258 · 0.67%
2022$55,242 · 0.78%
Same employer
Similar plansOther Services · Nevada
Community Services Agency NV$8.7M · 0.07%
Vadatech Inc NV$8.1M · 0.93%
V Shred, LLC NV$5.9M · 0.17%
C. Martin Company, Inc. NV$5.3M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880174980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.