Plan Ledger DOL Form 5500 · updated monthly

W Services Group, LLC401(k)

W SERVICES GROUP, LLC 401(K) PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

W Services Group, LLC reported $47,175 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,631 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 0.07% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (4,399th of 5,648), and 1,390th of 2,534 in administrative & support services. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 175 to 196 since 2022.

Plan summary
Net assets, end of year$5,425,045
Participants with balances118
Active participants196
Employer contributions$319,651
Employee contributions$704,072
Employer contribution per active participant$1,631
Average account balance$45,975
Benefits paid to participants$597,652
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 118 accts · $320K emplr
2023$4.2M · 108 accts · $287K emplr
2022$2.8M · 105 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,975
Total administrative$47,175
The W Services Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,631
Median for plans this size$1,313
2024$1,631 per active participant
2023$1,551 per active participant
2022$1,435 per active participant

W Services Group, LLC's 2024 employer contribution ran above the $1,313 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 · 20241
JOHN HANCOCK LIFE INS CO OF NY · Recordkeeping · Investment management$45,975

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,175 · 0.98%
2023$1,683 · 0.05%
2022$1,881 · 0.07%
Same employer
Similar plansAdministrative & Support Services · New York
Sword Health, Inc. NY$5.8M · 0.74%
Consilium Company, LLC NY$5.7M · 0.07%
Li-Cycle Inc NY$5.5M · 0.65%
Kopp Billing Agency, Inc. NY$5.1M · 0.29%
Venture Forthe, Inc. NY$5.1M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800513601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.