Plan Ledger DOL Form 5500 · updated monthly

The Widewaters Group Inc.401(k)

THE WIDEWATERS GROUP INC. RETIREMENT SAVINGS PLAN · EAST SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

The Widewaters Group Inc. reported $90,748 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,163 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 0.20% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,523rd-largest of 5,648 plans among New York employers on file, and the 331st of 2,096 in real estate & leasing. In 2024, employees put in $2.62 for every $1.00 the employer contributed; active participation has shrunk from 508 to 205 since 2022.

Plan summary
Net assets, end of year$42,837,222
Participants with balances249
Active participants205
Employer contributions$648,373
Employee contributions$1,698,516
Employer contribution per active participant$3,163
Average account balance$172,037
Benefits paid to participants$4,983,524
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.8M · 249 accts · $648K emplr
2023$38.8M · 273 accts · $716K emplr
2022$33.9M · 321 accts · $411K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,714
Investment management$68,034
Total administrative$90,748
The The Widewaters Group Inc. 401(k) match · 2024
Employer contribution per active participant$3,163
Median for plans this size$2,416
2024$3,163 per active participant
2023$3,329 per active participant
2022$809 per active participant

The Widewaters Group Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
SCHNEIDER DOWNS WEALTH MANAGEMENT · Investment advisory (plan)$39,068
MORGAN STANLEY · Investment advisory (plan)$28,966
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,714

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$90,748 · 0.22%
2023$65,260 · 0.18%
2022$73,156 · 0.20%
Same employer
Similar plansReal Estate & Leasing · New York
Rema Holdings LLC NY$46.8M · 0.12%
Rudin Management Co., Inc. NY$45.9M · 0.04%
Douglas Elliman LLC NY$45.7M · 0.04%
The Lightstone Group, LLC NY$40.4M · 0.43%
Jack Resnick & Sons, Inc. NY$40.3M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161239842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.