Plan Ledger DOL Form 5500 · updated monthly

Waggoner Engineering, Inc.401(k)

WAGGONER ENGINEERING, INC. 401(K) PLAN & TRUST · JACKSON, MS · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Waggoner Engineering, Inc. reported $42,926 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,452 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 has held roughly steady near 0.409%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 162nd-largest of 367 plans among Mississippi employers on file, and 7,726th of 11,654 in professional & technical services. In 2023, employees put in $3.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,888,855
Participants with balances0
Active participants170
Employer contributions$416,797
Employee contributions$1,623,706
Employer contribution per active participant$2,452
Average account balance—
Benefits paid to participants$2,770,153
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history2
Yearassets · accounts · employer contribution
2023$10.9M · $417K emplr
2022$10.1M · 160 accts · $290K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,364
Investment management$18,562
Total administrative$42,926
The Waggoner Engineering, Inc. 401(k) match · 2023
Employer contribution per active participant$2,452
Median for plans this size$2,440
2023$2,452 per active participant
2022$1,883 per active participant

Waggoner Engineering, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
REGIONS BANK · Investment advisory (plan)$18,562

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

Administrative cost history2
2023$42,926 · 0.41%
2022$44,083 · 0.41%
Same employer
Similar plansProfessional & Technical Services · Mississippi
Seemann Composites, LLC MS$21.5M · 0.16%
Youngwilliams, P.C. MS$19.8M · 0.43%
HR New Hire, LLC MS$8.0M · 0.02%
Nvision Solutions, Inc. MS$4.2M · 0.48%
Corporate Management, Inc MS$3.6M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640591204 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.