Plan Ledger DOL Form 5500 · updated monthly

W.P. & R.S. Mars Company401(k)

W.P. & R.S. MARS COMPANY PROFIT SHARING AND 401(K) PLAN · DULUTH, MN · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

W.P. & R.S. Mars Company reported $18,680 in plan administrative expenses for 2023: 0.18% of average plan assets, below the peer median. Employer contributions averaged $4,121 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 0.11% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Minnesota (1,275th of 1,918), and 2,838th of 4,246 in wholesale trade. In 2023, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,585,341
Participants with balances86
Active participants88
Employer contributions$362,627
Employee contributions$509,402
Employer contribution per active participant$4,121
Average account balance$123,085
Benefits paid to participants$1,363,812
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2023$10.6M · 86 accts · $363K emplr
2022$9.7M · 102 accts · $430K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,325
Total administrative$18,680
The W.P. & R.S. Mars Company 401(k) match · 2023
Employer contribution per active participant$4,121
Median for plans this size$2,440
2023$4,121 per active participant
2022$5,303 per active participant

W.P. & R.S. Mars Company's 2023 employer contribution ran above the $2,440 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 · 20233
T ROWE PRICE RPS INC · Recordkeeping · Trustee$5,325
COMMONWEALTH FINANCIAL NETWORK · Consulting$8,478
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$7,141

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$18,680 · 0.18%
2022$11,537 · 0.11%
Similar plansWholesale Trade · Minnesota
Dooley's Petroleum, Inc. MN$11.8M · 0.41%
Nextten Stauer, LLC MN$10.8M · 0.42%
The Prophet Corporation MN$10.7M · 0.58%
Henrys Foods, Inc. MN$10.2M · 0.83%
Curio Brands, LLC MN$9.7M · 0.41%
Deerfield Imaging MN$9.4M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410661375 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.