Plan Ledger DOL Form 5500 · updated monthly

Waypoint Analytical, Inc.401(k)

WAYPOINT ANALYTICAL 401(K) PROFIT SHARING PLAN · MEMPHIS, TN · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Waypoint Analytical, Inc. reported $24,375 in plan administrative expenses for 2023: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,303 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 1 year on file its reported administrative ratio fell from 0.49% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Tennessee (955th of 1,496), and 9,006th of 11,654 in professional & technical services. In 2023, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 282 to 355 since 2022.

Plan summary
Net assets, end of year$7,117,907
Participants with balances484
Active participants355
Employer contributions$462,504
Employee contributions$850,945
Employer contribution per active participant$1,303
Average account balance$14,706
Benefits paid to participants$446,052
Plan auditUnmodified (clean) audit opinion
AuditorJACKSON HOWELL AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $80K emplr
2023$7.1M · 484 accts · $463K emplr
2022$5.0M · 394 accts · $373K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,875
Investment management$7,500
Total administrative$24,375
The Waypoint Analytical, Inc. 401(k) match · 2023
Employer contribution per active participant$1,303
Median for plans this size$1,308
2023$1,303 per active participant
2022$1,323 per active participant

Waypoint Analytical, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
ADP, INC. · Loan processing · Recordkeeping$16,874
JACKSON, HOWELL, AND ASSOCIATED, PL · Recordkeeping · Pension consulting$7,500
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY SMITH BARNEY LLC · Other servicesindirect comp

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

Administrative cost history3
2024Not separately reported
2023$24,375 · 0.40%
2022$23,954 · 0.49%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 200957155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.