Waytek, Inc.401(k)
WAYTEK, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN · CHANHASSEN, MN · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Waytek, Inc. reported $4,569 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,719 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 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 908th-largest of 1,918 plans among Minnesota employers on file, and the 1,931st of 4,246 in wholesale trade. In 2024, employees put in $1.37 for every $1.00 the employer contributed.
Waytek, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 410991786 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.