Wayne Industries, Inc.401(k)
WAYNE INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN · WAYNE, MI · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Wayne Industries, Inc. reported $49,483 in plan administrative expenses for 2022: 0.35% of average plan assets, above the peer median. Employer contributions averaged $4,927 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Michigan (1,358th of 2,619), and the 988th of 2,677 in transportation & warehousing. In 2022, the employer put in $5.04 for every $1.00 employees contributed themselves.
Wayne Industries, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 382854158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.