Plan Ledger DOL Form 5500 · updated monthly

Wagner Spray Tech Corporation401(k)

WAGNER SPRAY TECH CORPORATION RETIREMENT/INVESTMENT PLAN · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Wagner Spray Tech Corporation reported $140,994 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $3,662 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 rose from 0.14% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 282nd-largest of 1,918 plans among Minnesota employers on file, and the 1,935th of 13,661 in manufacturing. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$98,717,920
Participants with balances553
Active participants411
Employer contributions$1,504,970
Employee contributions$3,896,723
Employer contribution per active participant$3,662
Average account balance$178,513
Benefits paid to participants$8,446,838
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$98.7M · 553 accts · $1.5M emplr
2023$88.1M · 582 accts · $1.5M emplr
2022$77.0M · 566 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,574
Audit (IQPA)$11,750
Total administrative$140,994
The Wagner Spray Tech Corporation 401(k) match · 2024
Employer contribution per active participant$3,662
Median for plans this size$3,635
2024$3,662 per active participant
2023$3,375 per active participant
2022$3,569 per active participant

Wagner Spray Tech Corporation's 2024 employer contribution ran above the $3,635 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 · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$46,574
SAGEVIEW ADVISORY GROUP LLC · Consulting$29,780
BOYUM & BARENSCHEER PLLP · Accounting / audit$11,750
CHARLES SCHWAB & CO., INC. · Securities brokerage$28

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$140,994 · 0.15%
2023$135,119 · 0.16%
2022$120,400 · 0.14%
Same employer
Similar plansManufacturing · Minnesota
Nilfisk, Inc. MN$99.8M · 0.12%
Sunopta Foods Inc. MN$98.7M · 0.28%
Revelyst, Inc. MN$94.7M · 0.00%
Satellite Industries, Inc. MN$91.9M · 0.04%
Kurita America Inc. MN$91.4M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411747949 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.