Plan Ledger DOL Form 5500 · updated monthly

Waters Truck and Tractor Co. Inc401(k)

WATERS 401(K) PROFIT SHARING PLAN · COLUMBUS, MS · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Waters Truck and Tractor Co. Inc reported $69,530 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,055 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 3 years on file its reported administrative ratio has held roughly steady near 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 122nd-largest of 367 plans among Mississippi employers on file, and the 1,909th of 5,215 in retail trade. In 2024, employees put in $3.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,959,223
Participants with balances191
Active participants256
Employer contributions$270,202
Employee contributions$924,407
Employer contribution per active participant$1,055
Average account balance$78,321
Benefits paid to participants$1,442,764
Plan auditUnmodified (clean) audit opinion
AuditorT.E. LOTT & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 191 accts · $270K emplr
2023$13.8M · 183 accts · $262K emplr
2022$11.7M · 174 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,622
Investment management$50,908
Total administrative$69,530
The Waters Truck and Tractor Co. Inc 401(k) match · 2024
Employer contribution per active participant$1,055
Median for plans this size$2,416
2024$1,055 per active participant
2023$927 per active participant
2022$936 per active participant

Waters Truck and Tractor Co. Inc's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP, INC. · Recordkeeping$18,622
PINNACLE WEALTH LLC · Investment advisory (plan)$50,908

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$69,530 · 0.48%
2023$61,388 · 0.48%
2022$56,039 · 0.49%
Similar plansRetail Trade · Mississippi
Bond Pharmacy, Inc. MS$33.1M · 0.66%
Agup Equipment Company MS$26.0M · 0.36%
Haas Outdoors, Inc. MS$20.7M · 0.59%
Cannon Chevrolet Cadillac MS$9.4M · 1.08%
Roberts Company, Inc. MS$9.3M · 0.88%
Hg Ms Admin, LLC MS$6.3M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640435228 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.