Plan Ledger DOL Form 5500 · updated monthly

Wade, Incorporated401(k)

WADE INCORPORATED 401(K) SALARY SAVINGS PLAN · GREENWOOD, MS · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Wade, Incorporated reported $64,415 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $4,300 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 0.21% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 76th-largest of 367 plans among Mississippi employers on file, and the 1,369th of 4,246 in wholesale trade. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$29,812,121
Participants with balances274
Active participants236
Employer contributions$1,014,748
Employee contributions$845,129
Employer contribution per active participant$4,300
Average account balance$108,803
Benefits paid to participants$1,224,797
Plan auditUnmodified (clean) audit opinion
AuditorFRED T. NEELY & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.8M · 274 accts · $1.0M emplr
2023$26.0M · 282 accts · $1.2M emplr
2022$22.3M · 284 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,415
Total administrative$64,415
The Wade, Incorporated 401(k) match · 2024
Employer contribution per active participant$4,300
Median for plans this size$2,416
2024$4,300 per active participant
2023$4,983 per active participant
2022$5,153 per active participant

Wade, Incorporated's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MAGNOLIA CAPITAL ADVISORS · Investment advisory (plan)$68,509
EMPOWER ADVISORY GROUP · Investment management$5,754
AZALEA ADMINISTRATION LLC · Contract administratorindirect comp

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$64,415 · 0.23%
2023$53,516 · 0.22%
2022$49,790 · 0.21%
Similar plansWholesale Trade · Mississippi
Future Electronics Corp. MS$137.7M · 0.06%
Dunlap & Kyle Co., Inc. MS$133.2M · 0.14%
G & S Enterprises, Inc. MS$43.3M · 0.17%
Mitchell Companies, LLC MS$26.6M · 0.05%
Ergon Asphalt Partners, LP MS$25.1M · 0.31%
Van Zyverden, Inc. MS$18.4M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640395139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.