Plan Ledger DOL Form 5500 · updated monthly

Wavepoint 3PL, Inc.401(k)

WAVEPOINT 3PL 401(K) PLAN · NORTH EAST, PA · plan year 2024

Reported admin expense ratio · 2024
1.27%

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

Wavepoint 3PL, Inc. reported $46,418 in plan administrative expenses for 2024: 1.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $793 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 1.34% to 1.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Pennsylvania (3,055th of 3,651), and 1,811th of 2,677 in transportation & warehousing. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 236 to 293 since 2022.

Plan summary
Net assets, end of year$3,804,908
Participants with balances238
Active participants293
Employer contributions$232,319
Employee contributions$616,430
Employer contribution per active participant$793
Average account balance$15,987
Benefits paid to participants$911,822
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL POWER BELL & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 238 accts · $232K emplr
2023$3.5M · 230 accts · $206K emplr
2022$2.7M · 273 accts · $169K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,666
Trustee / custodial$21,752
Total administrative$46,418
The Wavepoint 3PL, Inc. 401(k) match · 2024
Employer contribution per active participant$793
Median for plans this size$1,313
2024$793 per active participant
2023$770 per active participant
2022$714 per active participant

Wavepoint 3PL, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
DEFINITI$24,666
NORTHWEST BANK · Trustee$21,752

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$46,418 · 1.27%
2023$43,355 · 1.40%
2022$36,875 · 1.34%
Same employer
Similar plansTransportation & Warehousing · Pennsylvania
Air Ground Xpress, Inc. PA$4.4M · 0.88%
Levy School Bus Co. PA$4.1M · 0.14%
McCarter Transit Inc. PA$4.0M · 0.03%
Kbs, Inc. PA$3.6M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844186037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.