Plan Ledger DOL Form 5500 · updated monthly

The Wawanesa Mutual Insurance Co.401(k)

THE WAWANESA SALARY DEFERRAL PLAN · · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

The Wawanesa Mutual Insurance Co. reported $172,667 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,057 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 3 years on file its reported administrative ratio has held roughly steady near 0.224%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,148th of 4,798 in finance & insurance. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$83,177,932
Participants with balances960
Active participants779
Employer contributions$2,381,258
Employee contributions$4,039,215
Employer contribution per active participant$3,057
Average account balance$86,644
Benefits paid to participants$5,266,571
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINSON & BLOODGOOD, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$83.2M · 960 accts · $2.4M emplr
2023$71.3M · 911 accts · $2.1M emplr
2022$59.3M · 1,068 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$172,667
Total administrative$172,667
The The Wawanesa Mutual Insurance Co. 401(k) match · 2024
Employer contribution per active participant$3,057
Median for plans this size$3,635
2024$3,057 per active participant
2023$2,970 per active participant
2022$2,631 per active participant

The Wawanesa Mutual Insurance Co.'s 2024 employer contribution ran below the $3,635 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.

Service providers · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$34,423
ASCENSUS HOLDINGS INC. · Contract administrator$20,870
CAMBRIDGE INVESTMENT RESEARCH, INC.indirect comp

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$172,667 · 0.22%
2023$136,677 · 0.21%
2022$142,591 · 0.22%
Similar plansFinance & Insurance
Firstrust Savings Bank PA$83.5M · 0.19%
Oportun, Inc. CA$83.4M · 0.18%
Imt Insurance Company IA$83.1M · 0.10%
Tri-Counties Bank CA$83.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952907897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.