Plan Ledger DOL Form 5500 · updated monthly

Wel Companies, Inc.401(k)

WEL COMPANIES, INC. 401(K) SAVINGS PLAN · DEPERE, WI · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Wel Companies, Inc. reported $64,760 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $692 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 1.11% to 1.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Wisconsin (1,503rd of 1,936), and 1,437th of 2,677 in transportation & warehousing. In 2024, employees put in $4.47 for every $1.00 the employer contributed; active participation has shrunk from 433 to 327 since 2022.

Plan summary
Net assets, end of year$6,663,212
Participants with balances441
Active participants327
Employer contributions$226,219
Employee contributions$1,011,253
Employer contribution per active participant$692
Average account balance$15,109
Benefits paid to participants$1,544,676
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 441 accts · $226K emplr
2023$6.3M · 322 accts · $320K emplr
2022$5.5M · 283 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,918
Investment management$21,903
Total administrative$64,760
The Wel Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$692
Median for plans this size$1,313
2024$692 per active participant
2023$881 per active participant
2022$660 per active participant

Wel Companies, Inc.'s 2024 employer contribution ran below the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$41,918
WILSHIRE ASSOCIATES, INC. · Investment advisory (plan)$21,155

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$64,760 · 1.00%
2023$68,824 · 1.16%
2022$65,902 · 1.11%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Rands Trucking, Inc. WI$8.2M · 0.28%
Veriha Trucking, Inc. WI$7.8M · 0.91%
Christopher Morgan, LLC WI$7.5M · 0.81%
Airworthy, Inc. WI$6.0M · 1.18%
Badger Coaches, Inc. WI$6.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391277617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.