Plan Ledger DOL Form 5500 · updated monthly

Wadhams Enterprises, Inc.401(k)

WADHAMS ENTERPRISES, INC. EMPLOYEE RETIREMENT SAVINGS PLAN · PHELPS, NY · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Wadhams Enterprises, Inc. reported $135,679 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,074 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 fell from 0.46% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,720th-largest of 5,648 plans among New York employers on file, and the 480th of 2,677 in transportation & warehousing. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 581 to 679 since 2022.

Plan summary
Net assets, end of year$36,481,419
Participants with balances595
Active participants679
Employer contributions$729,088
Employee contributions$1,931,713
Employer contribution per active participant$1,074
Average account balance$61,313
Benefits paid to participants$3,044,844
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.5M · 595 accts · $729K emplr
2023$25.7M · 426 accts · $667K emplr
2022$22.3M · 433 accts · $647K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,006
Investment management$82,471
Total administrative$135,679
The Wadhams Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$1,074
Median for plans this size$2,416
2024$1,074 per active participant
2023$1,210 per active participant
2022$1,114 per active participant

Wadhams Enterprises, Inc.'s 2024 employer contribution ran below the $2,416 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
BENEFIT PLANS ADMIN SERVICES INC. · Recordkeeping · Custodial (securities)$53,208
JAMES P REAGAN AGENCY · Investment advisory (plan) · Investment management$82,471

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES INC.
2023BENEFIT PLANS ADMIN SERVICES INC.

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Administrative cost history3
2024$135,679 · 0.44%
2023$116,746 · 0.49%
2022$112,430 · 0.46%
Same employer
Similar plansTransportation & Warehousing · New York
Alclear, LLC NY$42.2M · 1.06%
Bollore Logistics USA Inc. NY$41.6M · 0.00%
Emo Trans, Inc. NY$41.2M · 0.30%
National Cargo Bureau, Inc. NY$34.2M · 0.05%
Transervice Logistics, Inc. NY$33.7M · 0.03%
Avox Systems, Inc. NY$31.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161397441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.