Plan Ledger DOL Form 5500 · updated monthly

Wagner-Meinert, LLC401(k)

WAGNER- MEINERT, LLC 401(K) PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Wagner-Meinert, LLC reported $69,015 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,424 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 3 years on file its reported administrative ratio has held roughly steady near 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 676th-largest of 1,562 plans among Indiana employers on file, and the 2,344th of 5,337 in construction. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 109 to 94 since 2022.

Plan summary
Net assets, end of year$16,061,757
Participants with balances114
Active participants94
Employer contributions$415,857
Employee contributions$760,154
Employer contribution per active participant$4,424
Average account balance$140,893
Benefits paid to participants$901,680
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 114 accts · $416K emplr
2023$13.8M · 131 accts · $357K emplr
2022$12.1M · 120 accts · $380K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,687
Investment management$48,306
Trustee / custodial$3,022
Total administrative$69,015
The Wagner-Meinert, LLC 401(k) match · 2024
Employer contribution per active participant$4,424
Median for plans this size$2,416
2024$4,424 per active participant
2023$2,645 per active participant
2022$3,485 per active participant

Wagner-Meinert, LLC'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 · 20242
KT ADMINISTRATORS, LLC · Recordkeeping · Pension consulting$16,912
SYM FINANCIAL ADVISORS · Investment advisory (participants)$48,306

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

Recordkeeper by year2
2024KT ADMINISTRATORS, LLC
2023RIVERSEDGE ADV. RET. SOLUTIONS, LLC

This plan has changed recordkeepers within these filings. If you left Wagner-Meinert, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$69,015 · 0.46%
2023$58,008 · 0.45%
2022$59,713 · 0.44%
Similar plansConstruction · Indiana
Harrell-Fish, Inc. IN$16.8M · 0.34%
Reynolds Construction, LLC IN$15.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453040924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.