Plan Ledger DOL Form 5500 · updated monthly

Walpole, Inc.401(k)

WALPOLE, INC. 401(K) PROFIT SHARING PLAN · OKEECHOBEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Walpole, Inc. reported $57,793 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,694 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 0.56% to 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,815th-largest of 3,644 plans among Florida employers on file, and the 1,178th of 2,677 in transportation & warehousing. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,686,275
Participants with balances166
Active participants290
Employer contributions$491,246
Employee contributions$864,914
Employer contribution per active participant$1,694
Average account balance$58,351
Benefits paid to participants$943,008
Plan auditUnmodified (clean) audit opinion
AuditorCRI, CARR, RIGGS & INGRAM, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 166 accts · $491K emplr
2023$8.4M · 177 accts · $416K emplr
2022$7.4M · 164 accts · $367K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,654
Investment management$21,139
Total administrative$57,793
The Walpole, Inc. 401(k) match · 2024
Employer contribution per active participant$1,694
Median for plans this size$1,313
2024$1,694 per active participant
2023$1,365 per active participant
2022$1,349 per active participant

Walpole, Inc.'s 2024 employer contribution ran above the $1,313 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
EMPOWER ADVISORY GROUP, LLC · Investment management$16,754
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$4,385
MML INVESTORS SERVICES LLCindirect comp

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$57,793 · 0.64%
2023$45,712 · 0.58%
2022$42,296 · 0.56%
Same employer
Similar plansTransportation & Warehousing · Florida
Igps Logistics LLC FL$10.5M · 0.51%
Bekins A-1 Movers, Inc FL$10.1M · 0.11%
Western Global Airlines FL$9.6M · 1.26%
Sts Holdings, LLC FL$9.5M · 0.65%
Trailer Bridge, Inc. FL$8.5M · 0.70%
Norcom Realty Corp. FL$7.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591305687 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.