Plan Ledger DOL Form 5500 · updated monthly

W. W. Wallwork, Inc.401(k)

W. W. WALLWORK, INC. 401(K) PROFIT SHARING PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

W. W. Wallwork, Inc. reported $102,625 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $1,885 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 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 50th-largest of 279 plans among North Dakota employers on file, and the 642nd of 5,215 in retail trade. In 2024, employees put in $3.26 for every $1.00 the employer contributed; active participation has grown from 470 to 542 since 2022.

Plan summary
Net assets, end of year$51,089,961
Participants with balances620
Active participants542
Employer contributions$1,021,573
Employee contributions$3,330,536
Employer contribution per active participant$1,885
Average account balance$82,403
Benefits paid to participants$7,472,047
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.1M · 620 accts · $1.0M emplr
2023$48.1M · 608 accts · $985K emplr
2022$41.7M · 588 accts · $970K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,151
Investment management$19,291
Trustee / custodial$67,183
Total administrative$102,625
The W. W. Wallwork, Inc. 401(k) match · 2024
Employer contribution per active participant$1,885
Median for plans this size$2,416
2024$1,885 per active participant
2023$2,027 per active participant
2022$2,064 per active participant

W. W. Wallwork, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$83,334
ALERUS INVESTMENT ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$19,291

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$102,625 · 0.21%
2023$90,402 · 0.20%
2022$92,561 · 0.20%
Same employer
Similar plansRetail Trade · North Dakota
Scheels All Sports, Inc. ND$963.0M · 0.00%
Titan Machinery, Inc. ND$248.9M · 0.10%
Tfc, Inc. ND$81.6M · 0.20%
Acme Electric Motor, Inc ND$36.0M · 0.29%
True North Equipment Co. ND$24.2M · 0.22%
Rydell Auto Center, Inc. ND$22.3M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450394131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.