Plan Ledger DOL Form 5500 · updated monthly

Walters Wholesale Electric Co.401(k)

WALTERS WHOLESALE ELECTRIC CO. 401 (K) RETIREMENT PLAN · SIGNAL HILL, CA · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

Walters Wholesale Electric Co. reported $115,587 in plan administrative expenses for 2023: 0.21% of average plan assets, above the peer median. Employer contributions averaged $875 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 has held roughly steady near 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,581st-largest of 9,483 plans among California employers on file, and the 705th of 4,246 in wholesale trade. In 2023, employees put in $8.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$57,916,275
Participants with balances599
Active participants526
Employer contributions$460,189
Employee contributions$3,872,553
Employer contribution per active participant$875
Average account balance$96,688
Benefits paid to participants$5,917,013
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH&BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $438K emplr
2023$57.9M · 599 accts · $460K emplr
2022$51.7M · 591 accts · $423K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$115,587
Total administrative$115,587
The Walters Wholesale Electric Co. 401(k) match · 2023
Employer contribution per active participant$875
Median for plans this size$3,659
2023$875 per active participant
2022$821 per active participant

Walters Wholesale Electric Co.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$115,746
THE PARAGON ALLIANCE GROUP LLC · Other servicesindirect comp
FIDUCIENT ADVISORS · Investment managementindirect comp
WITHUMSMITH BROWN,PC · Accounting / auditindirect 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
2024Not separately reported
2023$115,587 · 0.21%
2022$115,243 · 0.22%
All plans at this employer2
WALTERS WHOLESALE ELECTRIC CO. EMPLOYEES' PROFIT SHARING PLANProfit-sharing plan
WALTERS WHOLESALE ELECTRIC CO. 401 (K) RETIREMENT PLAN401(k)
Same employer
Similar plansWholesale Trade · California
Tri-West, LTD. CA$63.8M · 0.08%
Fuerst Group, Inc. CA$63.4M · 0.41%
Xp Power LLC CA$58.1M · 0.22%
Rodan & Fields Beauty, LLC CA$55.1M · 0.28%
Metagenics LLC CA$55.1M · 0.21%
Sunrider International CA$54.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952091661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.