Plan Ledger DOL Form 5500 · updated monthly

Waibel Energy Systems, Inc.401(k)

WAIBEL ENERGY SYSTEMS RETIREMENT PLAN · VANDALIA, OH · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Waibel Energy Systems, Inc. reported $80,286 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $5,346 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 0.42%. 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 1,353rd-largest of 3,295 plans among Ohio employers on file, and the 2,070th of 5,337 in construction. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,334,019
Participants with balances152
Active participants123
Employer contributions$657,617
Employee contributions$903,726
Employer contribution per active participant$5,346
Average account balance$127,197
Benefits paid to participants$2,952,735
Plan auditUnmodified (clean) audit opinion
AuditorBRADY WARE & SCHOENFELD, INC
Plan history3
Yearassets · accounts · employer contribution
2024$19.3M · 152 accts · $658K emplr
2023$18.6M · 160 accts · $562K emplr
2022$15.7M · 149 accts · $503K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,286
Total administrative$80,286
The Waibel Energy Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$5,346
Median for plans this size$2,416
2024$5,346 per active participant
2023$4,500 per active participant
2022$3,994 per active participant

Waibel Energy Systems, Inc.'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 · 20243
MINSTER BANK · Investment advisory (plan)$43,435
CAPITAL GROUP RETIREMENT PLAN SERVI$18,512
FUTUREPLAN ADMINISTRATIV · Contract administrator$18,339

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

Administrative cost history3
2024$80,286 · 0.42%
2023$73,438 · 0.43%
2022$76,525 · 0.44%
Same employer
Similar plansConstruction · Ohio
Wmog, Inc. OH$19.4M · 0.29%
Air Force One, LLC OH$19.1M · 0.22%
Rite Rug Company, Inc. OH$18.9M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311258152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.