Plan Ledger DOL Form 5500 · updated monthly

Watlow Electric Manufacturing Company401(k)

WATLOW GROUP 401(K) PLAN · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Watlow Electric Manufacturing Company reported $349,569 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $6,804 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 fell from 0.15% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 84th-largest of 1,393 plans among Missouri employers on file, and the 854th of 13,661 in manufacturing. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves; active participation has shrunk from 1,739 to 1,431 since 2022.

Plan summary
Net assets, end of year$298,183,065
Participants with balances2,014
Active participants1,431
Employer contributions$9,735,999
Employee contributions$8,933,411
Employer contribution per active participant$6,804
Average account balance$148,055
Benefits paid to participants$37,014,436
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$298.2M · 2,014 accts · $9.7M emplr
2023$277.3M · 1,949 accts · $10.0M emplr
2022$262.6M · 2,045 accts · $10.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$156,809
Investment management$192,760
Total administrative$349,569
The Watlow Electric Manufacturing Company 401(k) match · 2024
Employer contribution per active participant$6,804
Median for plans this size$4,294
2024$6,804 per active participant
2023$7,414 per active participant
2022$5,914 per active participant

Watlow Electric Manufacturing Company's 2024 employer contribution ran above the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$104,626
GALLAGHER BENEFIT SERVICES INC DBA · Consulting · Investment advisory (plan)$66,000
MCGLADREY LLP · Accounting / audit$22,134

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

Administrative cost history3
2024$349,569 · 0.12%
2023$350,006 · 0.13%
2022$441,482 · 0.15%
Same employer
Similar plansManufacturing · Missouri
Hussmann Corporation MO$410.5M · 0.13%
Belden Inc. MO$392.0M · 0.11%
Mitek USA, Inc. MO$348.8M · 0.03%
True Mfg. Co., Inc. MO$227.0M · 0.22%
Cic Group, Inc. MO$171.0M · 0.06%
Hillyard Industries, Inc. MO$153.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430574450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.