Plan Ledger DOL Form 5500 · updated monthly

United States Welding, Inc.401(k)

UNITED STATES WELDING, INC. 401(K) PLAN · DENVER, CO · plan year 2023

Reported admin expense ratio · 2023
0.64%

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

United States Welding, Inc. reported $31,339 in plan administrative expenses for 2023: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,572 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 1 year on file its reported administrative ratio rose from 0.61% to 0.64%. 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 Colorado (1,045th of 1,461), and 3,969th of 5,337 in construction. In 2023, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,099,111
Participants with balances118
Active participants68
Employer contributions$106,914
Employee contributions$343,642
Employer contribution per active participant$1,572
Average account balance$43,213
Benefits paid to participants$562,691
Plan auditUnmodified (clean) audit opinion
AuditorMARTILLARO RAUB AND ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2023$5.1M · 118 accts · $107K emplr
2022$4.6M · 103 accts · $64K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,864
Investment management$7,475
Total administrative$31,339
The United States Welding, Inc. 401(k) match · 2023
Employer contribution per active participant$1,572
Median for plans this size$1,308
2023$1,572 per active participant
2022$976 per active participant

United States Welding, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
IMA ADVISORY SERVICES INC · Investment advisory (plan)$3,872
EMPOWER ADVISORY GROUP, LLC · Investment management$3,603
IMA ADVISORY SERVICES INCindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$31,339 · 0.64%
2022$30,498 · 0.61%
Similar plansConstruction · Colorado
Place Holder, LLC CO$5.3M · 0.69%
Esco Construction Company CO$5.0M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 840383383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.