Plan Ledger DOL Form 5500 · updated monthly

Welspun Tubular, LLC401(k)

WELSPUN TUBULAR, LLC RETIREMENT SAVINGS PLAN · LITTLE ROCK, AR · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Welspun Tubular, LLC reported $100,217 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,066 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 0.54% to 0.68%. 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 175th-largest of 456 plans among Arkansas employers on file, and the 6,693rd of 13,661 in manufacturing. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 316 to 577 since 2022.

Plan summary
Net assets, end of year$16,428,580
Participants with balances789
Active participants577
Employer contributions$1,192,034
Employee contributions$1,674,182
Employer contribution per active participant$2,066
Average account balance$20,822
Benefits paid to participants$1,356,054
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS & ADVISORS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 789 accts · $1.2M emplr
2023$13.0M · 732 accts · $1.1M emplr
2022$9.1M · 397 accts · $475K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,444
Investment management$1,773
Total administrative$100,217
The Welspun Tubular, LLC 401(k) match · 2024
Employer contribution per active participant$2,066
Median for plans this size$2,416
2024$2,066 per active participant
2023$1,862 per active participant
2022$1,504 per active participant

Welspun Tubular, LLC's 2024 employer contribution ran below 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 · 20244
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$87,842
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$1,773
MMLISindirect comp
SAXONY SECURITIES INCindirect comp

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$100,217 · 0.68%
2023$64,672 · 0.59%
2022$54,091 · 0.54%
Similar plansManufacturing · Arkansas
Anthony Timberlands, Inc. AR$19.1M · 0.42%
J.V. Manufacturing, Inc. AR$18.7M · 0.75%
Twin Rivers Pine Bluff LLC AR$18.3M · 0.03%
Brunner & Lay, Inc. AR$15.8M · 0.03%
Arkansas Steel Associates AR$14.7M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 743197599 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.