Plan Ledger DOL Form 5500 · updated monthly

Walters Metal Fabrication, Inc.401(k)

WALTERS METAL FABRICATION, INC. 401(K) SALARY AND SAVINGS PLAN · GRANITE CITY, IL · plan year 2022

Reported admin expense ratio · 2022
1.05%

Walters Metal Fabrication, Inc. reported $58,371 in plan administrative expenses for 2022: 1.05% of average plan assets, higher than ~75% of peers. 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 manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,938th of 3,702), and 11,111th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$5,183,723
Participants with balances68
Active participants171
Employer contributions—
Employee contributions$372,794
Employer contribution per active participant—
Average account balance$76,231
Benefits paid to participants$113,587
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Investment management$25,841
Professional / advisory$6,503
Total administrative$58,371
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 history1
2022$58,371 · 1.05%
Similar plansManufacturing · Illinois
Eklind Tool Company IL$5.3M · 0.57%
Harvest Food Group IL$5.2M · 1.10%
Rack Builders, Inc. IL$5.1M · 1.12%
News Media Corporation IL$5.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371170212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.