Plan Ledger DOL Form 5500 · updated monthly

Wayne Automatic Fire Sprinklers, Inc.401(k)

WAYNE AUTOMATIC FIRE SPRINKLERS, INC. 401(K) PLAN AND TRUST · OCOEE, FL · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Wayne Automatic Fire Sprinklers, Inc. reported $220,115 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,509 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 0.17% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 363rd-largest of 3,644 plans among Florida employers on file, and the 695th of 5,337 in construction. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 602 to 677 since 2022.

Plan summary
Net assets, end of year$86,679,081
Participants with balances918
Active participants677
Employer contributions$3,052,816
Employee contributions$4,086,915
Employer contribution per active participant$4,509
Average account balance$94,422
Benefits paid to participants$4,365,652
Plan auditUnmodified (clean) audit opinion
AuditorBERMAN HOPKINS CPA & ASSOC. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$86.7M · 918 accts · $3.1M emplr
2023$75.6M · 822 accts · $2.5M emplr
2022$64.4M · 775 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,732
Investment management$157,383
Total administrative$220,115
The Wayne Automatic Fire Sprinklers, Inc. 401(k) match · 2024
Employer contribution per active participant$4,509
Median for plans this size$3,635
2024$4,509 per active participant
2023$4,050 per active participant
2022$3,158 per active participant

Wayne Automatic Fire Sprinklers, Inc.'s 2024 employer contribution ran above the $3,635 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$62,732
MERRILL LYNCH · Consulting · Insurance services$157,383

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$220,115 · 0.27%
2023$86,346 · 0.12%
2022$116,609 · 0.17%
Same employer
Similar plansConstruction · Florida
Vecellio Group, Inc. FL$93.9M · 0.17%
Wharton-Smith, Inc. FL$82.2M · 0.33%
Power Design, Inc. FL$79.4M · 0.29%
Stellar Group, Incorporated FL$75.3M · 0.08%
Mjw Consolidated, Inc. FL$73.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591824363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.