Plan Ledger DOL Form 5500 · updated monthly

Wasco Inc401(k)

WASCO, INC. 401(K) PLAN · NASHVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
1.01%

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

Wasco Inc reported $91,115 in plan administrative expenses for 2023: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $870 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 0.92% to 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (853rd of 1,496), and 3,154th of 5,337 in construction. In 2023, employees put in $1.81 for every $1.00 the employer contributed; active participation has shrunk from 463 to 346 since 2022.

Plan summary
Net assets, end of year$9,566,000
Participants with balances188
Active participants346
Employer contributions$301,142
Employee contributions$543,656
Employer contribution per active participant$870
Average account balance$50,883
Benefits paid to participants$1,220,371
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 179 accts · $313K emplr
2023$9.6M · 188 accts · $301K emplr
2022$8.5M · 186 accts · $281K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$91,115
Total administrative$91,115
The Wasco Inc 401(k) match · 2023
Employer contribution per active participant$870
Median for plans this size$1,308
2024$776 per active participant
2023$870 per active participant
2022$608 per active participant

Wasco Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA FINANCIAL LIFE · Recordkeeping · Loan processing$50,866
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$31,025
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$9,224

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$92,480 · 0.97%
2023$91,115 · 1.01%
2022$86,055 · 0.92%
Same employer
Similar plansConstruction · Tennessee
Gem Technologies, Inc. TN$11.7M · 0.56%
Johnson & Galyon, Inc. TN$10.1M · 0.54%
The Comfort Group, Inc TN$9.5M · 0.08%
Bonded Filter Co. LLC TN$7.8M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620752359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.