How much does Wc Enterprises, Inc. contribute to its ESOP?

In 2023, employer contributions to the Wc Enterprises, Inc. plan averaged $982 per active participant, below the $1,308 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Wc Enterprises, Inc. 401(k)?

The average participant account balance was $23,122 for plan year 2023, based on 159 accounts.

Wc Enterprises, Inc.ESOP

Name: Wc Enterprises, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

WC ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · MAUMEE, OH · plan year 2023

Employer contribution per participant · 2023

$982

Wc Enterprises, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,676,357 across 159 participant accounts, with employer contributions averaging $982 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,750th of 3,295), and 4,154th of 5,215 in retail trade.

Plan summary
Net assets, end of year$3,676,357
Participants with balances159
Active participants164
Employer contributions$161,048
Employee contributions—
Employer contribution per active participant$982
Average account balance$23,122
Benefits paid to participants$7,881
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAM VAUGHAN COMPANY

Plan history3

Yearassets · accounts · employer contribution

2024$3.5M · 179 accts · $148K emplr

2023$3.7M · 159 accts · $161K emplr

2022$1.3M · 150 accts · $197K emplr

Employer contributions to the Wc Enterprises, Inc. plan · 2023

Employer contribution per active participant$982

Median for plans this size$1,308

2024$885 per active participant

2023$982 per active participant

2022$1,182 per active participant

Wc Enterprises, 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.

Recordkeeper by year2

2024PCS Retirement

2023PCS Retirement

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

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

WC ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN401(k)

WC ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 341965873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.