Plan Ledger DOL Form 5500 · updated monthly

Waikem Management Services, Inc.401(k)

WAIKEM MANAGEMENT SERVICES, INC. 401(K) PROFIT SHARING PLAN · MASSILLON, OH · plan year 2022

Reported admin expense ratio · 2022
0.72%

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

Waikem Management Services, Inc. reported $47,475 in plan administrative expenses for 2022: 0.72% of average plan assets, above the peer median. Employer contributions averaged $0 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,583rd of 3,295), and 3,865th of 5,215 in retail trade.

Plan summary
Net assets, end of year$4,659,360
Participants with balances166
Active participants190
Employer contributions$0
Employee contributions$796,137
Employer contribution per active participant$0
Average account balance$28,068
Benefits paid to participants$3,232,482
Plan auditUnmodified (clean) audit opinion
AuditorHALL, KISTLER & COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$4.7M · 166 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$47,475
Total administrative$47,475
The Waikem Management Services, Inc. 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Waikem Management Services, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$47,475 · 0.72%
Similar plansRetail Trade · Ohio
Dave Arbogast Group, Inc. OH$5.2M · 1.19%
Brentlinger Enterprises OH$5.1M · 0.61%
Nurtur Holdings LLC OH$4.6M · 1.13%
Crestmont Cadillac Corp. OH$4.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341175140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.