Plan Ledger DOL Form 5500 · updated monthly

Weldstar Company401(k)

WELDSTAR COMPANY COMBINED RETIREMENT PLAN · AURORA, IL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Weldstar Company reported $91,045 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $6,895 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 3 years on file its reported administrative ratio has held roughly steady near 0.289%. 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 1,227th-largest of 3,702 plans among Illinois employers on file, and the 1,234th of 4,246 in wholesale trade. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,404,614
Participants with balances144
Active participants110
Employer contributions$758,406
Employee contributions$773,369
Employer contribution per active participant$6,895
Average account balance$231,976
Benefits paid to participants$1,902,841
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 144 accts · $758K emplr
2023$29.6M · 142 accts · $738K emplr
2022$24.4M · 141 accts · $602K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,763
Total administrative$91,045
The Weldstar Company 401(k) match · 2024
Employer contribution per active participant$6,895
Median for plans this size$2,416
2024$6,895 per active participant
2023$5,856 per active participant
2022$5,571 per active participant

Weldstar Company'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.

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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$100,690
ERISA, INC. · Other servicesindirect comp
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
WILSHIRE ADVISORS LLC · 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$91,045 · 0.29%
2023$94,682 · 0.35%
2022$81,332 · 0.29%
Similar plansWholesale Trade · Illinois
Radio Flyer, Inc. IL$34.7M · 0.03%
All Surfaces, Inc. IL$34.4M · 0.31%
Kuriyama of America IL$34.4M · 0.35%
Mdc Interior Solutions, LLC IL$33.5M · 0.19%
Mizar Holding Company, Inc. IL$32.9M · 0.39%
Dsi Holding USA Inc. IL$31.9M · 0.39%
Envoy Solutions, LLC IL$31.4M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 366098632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.