Plan Ledger DOL Form 5500 · updated monthly

Wells Vehicle Electronics, L.P.401(k)

WELLS VEHICLE ELECTRONICS 401(K) SAVINGS PLAN · FOND DU LAC, WI · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Wells Vehicle Electronics, L.P. reported $129,831 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,687 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 0.24% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 420th-largest of 1,936 plans among Wisconsin employers on file, and the 3,173rd of 13,661 in manufacturing. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has shrunk from 481 to 407 since 2022.

Plan summary
Net assets, end of year$49,609,511
Participants with balances505
Active participants407
Employer contributions$1,500,663
Employee contributions$1,885,179
Employer contribution per active participant$3,687
Average account balance$98,237
Benefits paid to participants$9,550,613
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.6M · 505 accts · $1.5M emplr
2023$49.2M · 553 accts · $1.2M emplr
2022$43.9M · 571 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,831
Total administrative$129,831
The Wells Vehicle Electronics, L.P. 401(k) match · 2024
Employer contribution per active participant$3,687
Median for plans this size$2,416
2024$3,687 per active participant
2023$2,786 per active participant
2022$3,494 per active participant

Wells Vehicle Electronics, L.P.'s 2024 employer contribution ran above the $2,416 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$129,831

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$129,831 · 0.26%
2023$122,555 · 0.26%
2022$120,402 · 0.24%
Similar plansManufacturing · Wisconsin
Milwaukee Valve Co., LLC WI$52.5M · 0.26%
Paper Machinery Corporation WI$51.5M · 0.00%
Everbrite, LLC WI$50.4M · 0.31%
Prent Corporation WI$49.4M · 0.23%
United Stars, Inc. WI$49.3M · 0.03%
Gilson, Inc. WI$49.0M · 0.06%
J.W. Speaker Corporation WI$48.7M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061763647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.