Plan Ledger DOL Form 5500 · updated monthly

Wb Engineers + Consultants Inc.401(k) + ESOP (KSOP)

WB ENGINEERING & CONSULTING, PLLC RETIREMENT SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Wb Engineers + Consultants Inc. reported $97,689 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $3,984 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 0.21% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,187th-largest of 5,648 plans among New York employers on file, and the 2,347th of 11,654 in professional & technical services. In 2024, employees put in $2.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$60,896,177
Participants with balances238
Active participants168
Employer contributions$669,355
Employee contributions$1,679,282
Employer contribution per active participant$3,984
Average account balance$255,866
Benefits paid to participants$1,685,412
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.9M · 238 accts · $669K emplr
2023$43.7M · 249 accts · $697K emplr
2022$33.9M · 246 accts · $647K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,013
Investment management$2,646
Total administrative$97,689
The Wb Engineers + Consultants Inc. 401(k) match · 2024
Employer contribution per active participant$3,984
Median for plans this size$3,635
2024$3,984 per active participant
2023$3,705 per active participant
2022$3,479 per active participant

Wb Engineers + Consultants 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$87,662
WELLS FARGO ADVISORS FIN NETWORK · Investment advisory (plan)indirect 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
2024$97,689 · 0.19%
2023$72,618 · 0.19%
2022$65,448 · 0.21%
Similar plansProfessional & Technical Services · New York
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Encorevet Group LLC NY$61.5M · 0.35%
Gen II Management, LLC NY$61.3M · 0.30%
Kaufman Borgeest & Ryan LLP NY$60.9M · 0.01%
Medical Knowledge Group LLC NY$60.2M · 0.26%
Brooklyn Defender Services NY$59.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061228800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.