What are the fees in the Warmkraft, Inc. Profit-sharing plan plan?

For plan year 2022, Warmkraft, Inc. reported $34,804 in plan administrative expenses, or 2.04% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

How much does Warmkraft, Inc. contribute to its Profit-sharing plan?

In 2022, employer contributions to the Warmkraft, Inc. plan averaged $962 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Warmkraft, Inc. 401(k)?

The average participant account balance was $6,915 for plan year 2022, based on 223 accounts.

Warmkraft, Inc.Profit-sharing plan

Name: Warmkraft, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

WARMKRAFT, INC. PROFIT SHARING PLAN · TAYLORSVILLE, MS · plan year 2022

Reported admin expense ratio · 2022

2.04%

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

Warmkraft, Inc. reported $34,804 in plan administrative expenses for 2022: 2.04% of average plan assets, higher than ~90% of peers. Employer contributions averaged $962 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 1 year on file its reported administrative ratio fell from 2.04% to 1.92%. 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 Mississippi (334th of 367), and 13,038th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$1,541,957
Participants with balances223
Active participants104
Employer contributions$100,000
Employee contributions—
Employer contribution per active participant$962
Average account balance$6,915
Benefits paid to participants$408,248
Plan auditUnmodified (clean) audit opinion
AuditorHARPER, RAINS, KNIGHT & CO., PA

Plan history2

Yearassets · accounts · employer contribution

2023$1.2M · 95 accts

2022$1.5M · 223 accts · $100K emplr

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$28,193

Investment management$6,511

Total administrative$34,804

Employer contributions to the Warmkraft, Inc. plan · 2022

Employer contribution per active participant$962

Median for plans this size$1,114

Warmkraft, Inc.'s 2022 employer contribution ran below the $1,114 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

Your balance

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

2023$26,696 · 1.92%

2022$34,804 · 2.04%

Similar plansManufacturing · Mississippi
C & W Embroidery, Inc. MS$2.4M · 0.78%
Systems Automotive Interiors, LLC MS$2.3M · 2.24%
Max Home, LLC MS$2.2M · 0.88%
Mitchell Metal Products, Inc. MS$2.2M · 0.00%
Dbc Corporation dba de Beukelaer Corporation MS$1.2M · 2.01%
Ims Logistics, LLC MS$930K · 1.12%
Natureplex, LLC MS$575K · 1.75%
Gloster Forest Products, LLC MS$268K · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640695892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.