Plan Ledger DOL Form 5500 · updated monthly

Webster Industries, Inc.401(k) + ESOP (KSOP)

WEBSTER SAVINGS PLAN · TIFFIN, OH · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Webster Industries, Inc. reported $47,839 in plan administrative expenses for 2023: 0.08% of average plan assets, below the peer median. Employer contributions averaged $21,542 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 rose from 0.09% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 485th-largest of 3,295 plans among Ohio employers on file, and the 2,445th of 13,661 in manufacturing. In 2023, the employer put in $3.90 for every $1.00 employees contributed themselves; active participation has grown from 137 to 157 since 2022.

Plan summary
Net assets, end of year$70,829,944
Participants with balances205
Active participants157
Employer contributions$3,382,036
Employee contributions$866,257
Employer contribution per active participant$21,542
Average account balance$345,512
Benefits paid to participants$2,420,583
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 175 accts · $564K emplr
2023$70.8M · 205 accts · $3.4M emplr
2022$54.4M · 164 accts · $1.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$47,839
Total administrative$47,839
The Webster Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$21,542
Median for plans this size$3,659
2024$2,686 per active participant
2023$21,542 per active participant
2022$9,707 per active participant

Webster Industries, Inc.'s 2023 employer contribution ran above the $3,659 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.

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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,838
RESOLUTE WEALTH ADVISOR, INC. · 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$53,254 · 0.12%
2023$47,839 · 0.08%
2022$39,331 · 0.09%
All plans at this employer3
WEBSTER SAVINGS PLAN401(k) + ESOP (KSOP)
WEBSTER INDUSTRIES TIFFIN COLLECTIVE BARGAINING UNITS 401(K) PLAN401(k)
WEBSTER ESOP SAVINGS PLANESOP
Same employer
Similar plansManufacturing · Ohio
Hartzell Propeller, Inc. OH$72.2M · 0.26%
Newman Technology, Inc. OH$71.5M · 0.06%
Norwood Medical, LLC OH$70.3M · 0.14%
Contitech USA, Inc. OH$70.2M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341059179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.