Plan Ledger DOL Form 5500 · updated monthly

Wagner Hardwoods LLC401(k)

WAGNER HARDWOODS LLC 401(K) RETIREMENT PLAN · OWEGO, NY · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Wagner Hardwoods LLC reported $65,283 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,359 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 fell from 0.42% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,343rd-largest of 5,648 plans among New York employers on file, and the 5,496th of 13,661 in manufacturing. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,466,247
Participants with balances277
Active participants252
Employer contributions$594,405
Employee contributions$1,161,575
Employer contribution per active participant$2,359
Average account balance$81,106
Benefits paid to participants$3,062,848
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW & KERSHNER LL
Plan history2
Yearassets · accounts · employer contribution
2024$22.5M · 277 accts · $594K emplr
2023$21.2M · 286 accts · $694K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,283
Total administrative$65,283
The Wagner Hardwoods LLC 401(k) match · 2024
Employer contribution per active participant$2,359
Median for plans this size$2,416
2024$2,359 per active participant
2023$2,571 per active participant

Wagner Hardwoods LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$65,282
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
2024$65,283 · 0.30%
2023$84,645 · 0.42%
Similar plansManufacturing · New York
Hudson Scenic Studio, Inc. NY$22.5M · 0.00%
E.S. Originals Inc. NY$22.5M · 0.19%
Designs for Vision, Inc. NY$22.4M · 0.02%
Arrow Gear LLC NY$22.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161595297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.