Plan Ledger DOL Form 5500 · updated monthly

W. Silver Recycling, Inc.401(k)

W. SILVER RECYCLING, INC. 401(K) PLAN · EL PASO, TX · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

W. Silver Recycling, Inc. reported $25,285 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $571 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 3 years on file its reported administrative ratio has held roughly steady near 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Texas (4,567th of 5,688), and 3,922nd of 4,246 in wholesale trade. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,088,158
Participants with balances98
Active participants168
Employer contributions$95,922
Employee contributions$191,715
Employer contribution per active participant$571
Average account balance$31,512
Benefits paid to participants$148,630
Plan auditUnmodified (clean) audit opinion
AuditorBEASLEY, MITCHELL & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 98 accts · $96K emplr
2023$2.7M · 100 accts · $102K emplr
2022$2.4M · 103 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,025
Investment management$21,260
Total administrative$25,285
The W. Silver Recycling, Inc. 401(k) match · 2024
Employer contribution per active participant$571
Median for plans this size$1,313
2024$571 per active participant
2023$613 per active participant
2022$636 per active participant

W. Silver Recycling, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
M HOLDINGS SECURITIES INC · Investment advisory (plan)$21,260
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,025

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$25,285 · 0.88%
2023$21,858 · 0.86%
2022$22,256 · 0.85%
Similar plansWholesale Trade · Texas
Solidwood Forest TX$3.5M · 1.01%
Bluebonnet Foods, L.P. TX$3.3M · 1.51%
Martin Preferred Foods LP TX$3.2M · 1.06%
Brothers Produce Inc. TX$3.0M · 0.26%
The Kiss Group LLC TX$2.9M · 1.76%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 814271481 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.