Plan Ledger DOL Form 5500 · updated monthly

Wenco Industries, Inc.401(k)

WENCO INDUSTRIES, INC 401(K) PLAN · COLORADO SPRINGS, CO · plan year 2024

Reported admin expense ratio · 2024
2.00%

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

Wenco Industries, Inc. reported $44,792 in plan administrative expenses for 2024: 2.00% of average plan assets, higher than ~90% of peers. Employer contributions averaged $885 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 1.43% to 2.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Colorado (1,227th of 1,461), and 2,752nd of 3,341 in other services. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 121 to 151 since 2022.

Plan summary
Net assets, end of year$2,532,921
Participants with balances184
Active participants151
Employer contributions$133,662
Employee contributions$366,904
Employer contribution per active participant$885
Average account balance$13,766
Benefits paid to participants$414,257
Plan auditUnmodified (clean) audit opinion
AuditorSSA PC
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 184 accts · $134K emplr
2023$2.0M · 365 accts · $57K emplr
2022$1.5M · 288 accts · $43K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,874
Investment management$8,918
Total administrative$44,792
The Wenco Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$885
Median for plans this size$1,313
2024$885 per active participant
2023$304 per active participant
2022$357 per active participant

Wenco Industries, 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
ASCENSUS LLC · Loan processing · Recordkeeping$35,874
ASHTON THOMAS PRIVATE WEALTH · Investment advisory (plan)$8,026

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

Recordkeeper by year2
2024Ascensus
2023ADP

This plan has changed recordkeepers within these filings. If you left Wenco Industries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,792 · 2.00%
2023$28,347 · 1.64%
2022$22,441 · 1.43%
Same employer
Similar plansOther Services · Colorado
The Denver Athletic Club CO$3.5M · 0.87%
Girl Scouts of Colorado CO$3.1M · 1.04%
Radiance Holdings, LLC CO$2.8M · 0.11%
Floyds 99 Holdings, LLC CO$2.2M · 1.79%
Holtzman Enterprises Inc. CO$1.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840820842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.