Plan Ledger DOL Form 5500 · updated monthly

W-S Industrial Services, Inc.401(k)

W-S INDUSTRIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN · COUNCIL BLUFFS, IA · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

W-S Industrial Services, Inc. reported $27,811 in plan administrative expenses for 2023: 0.37% of average plan assets, below the peer median. Employer contributions averaged $3,510 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 0.36% to 0.48%. 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 Iowa (615th of 878), and 3,343rd of 5,337 in construction. In 2023, the employer put in $1.15 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,304,047
Participants with balances167
Active participants142
Employer contributions$498,359
Employee contributions$433,830
Employer contribution per active participant$3,510
Average account balance$49,725
Benefits paid to participants$341,985
Plan auditUnmodified (clean) audit opinion
AuditorFRANKEL, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$7.0M · 122 accts · $209K emplr
2023$8.3M · 167 accts · $498K emplr
2022$6.6M · 126 accts · $233K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,811
Total administrative$27,811
The W-S Industrial Services, Inc. 401(k) match · 2023
Employer contribution per active participant$3,510
Median for plans this size$1,308
2024$1,619 per active participant
2023$3,510 per active participant
2022$1,639 per active participant

W-S Industrial Services, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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
NATIONWIDE · Recordkeeping · Loan processing$16,914
BENEFIT PLANS, INC · Contract administrator$6,294
ACTIVE CORE - PASSIVE THROUGH · Investment advisory (plan)$3,859
NATIONWIDE LIFE INSURANCE COMPANY · Investment advisory (plan)$772

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

Recordkeeper by year3
2025Nationwide
2024Nationwide
2023Nationwide

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Administrative cost history4
2025Not separately reported
2024$36,856 · 0.48%
2023$27,811 · 0.37%
2022$25,179 · 0.36%
Similar plansConstruction · Iowa
Cedar Valley Corp., LLC IA$9.2M · 0.42%
Temco, Inc. IA$9.1M · 0.36%
Murphy Tower Service, LLC IA$6.0M · 1.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470770315 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.