Plan Ledger DOL Form 5500 · updated monthly

Wagner Hardwoods LLC401(k)

WAGNER HARDWOODS LLC 401(K) RETIREMENT PLAN · OWEGO, NY · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Wagner Hardwoods LLC reported $84,645 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,571 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 1 year on file its reported administrative ratio rose from 0.39% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,443rd-largest of 5,648 plans among New York employers on file, and the 5,710th of 13,661 in manufacturing. In 2023, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,228,477
Participants with balances286
Active participants270
Employer contributions$694,269
Employee contributions$1,268,449
Employer contribution per active participant$2,571
Average account balance$74,225
Benefits paid to participants$2,693,731
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW & KERSHNER LL
Plan history2
Yearassets · accounts · employer contribution
2023$21.2M · 286 accts · $694K emplr
2022$18.8M · 308 accts · $687K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$84,645
Total administrative$84,645
The Wagner Hardwoods LLC 401(k) match · 2023
Employer contribution per active participant$2,571
Median for plans this size$2,440
2023$2,571 per active participant
2022$2,288 per active participant

Wagner Hardwoods LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$84,645
NORTHWESTERN MUTUAL WEALTH MGMT CO. · Investment advisory (plan)indirect comp

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$84,645 · 0.42%
2022$80,017 · 0.39%
Similar plansManufacturing · New York
Nortera Foods USA Inc. NY$21.6M · 0.60%
Koike Aronson, Inc. NY$21.5M · 0.03%
Anoplate Corporation NY$21.4M · 0.00%
Kris-Tech Wire Co., Inc. NY$21.3M · 0.24%
Chapin International Inc. NY$20.9M · 0.28%
Von Roll USA, Inc. NY$20.8M · 0.30%
F. Schumacher & Co. NY$20.8M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161127121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.