Plan Ledger DOL Form 5500 · updated monthly

Wendcentral Corp.401(k)

WENDPARTNERS 401K PLAN · CORTLAND, NY · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Wendcentral Corp. reported $107,245 in plan administrative expenses for 2024: 0.82% of average plan assets, higher than ~90% of peers. Employer contributions averaged $73 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 0.82%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (3,039th of 5,648), and the 424th of 2,240 in accommodation & food services. In 2024, employees put in $6.91 for every $1.00 the employer contributed; active participation has grown from 724 to 882 since 2022.

Plan summary
Net assets, end of year$14,323,327
Participants with balances419
Active participants882
Employer contributions$64,776
Employee contributions$447,498
Employer contribution per active participant$73
Average account balance$34,185
Benefits paid to participants$768,193
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 419 accts · $65K emplr
2023$11.9M · 394 accts · $58K emplr
2022$12.0M · 444 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,886
Total administrative$107,245
The Wendcentral Corp. 401(k) match · 2024
Employer contribution per active participant$73
Median for plans this size$2,416
2024$73 per active participant
2023$84 per active participant
2022$98 per active participant

Wendcentral Corp.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
JOHN HANCOCK NEW YORK · Recordkeeping · Investment management$1,904
MERRILL LYNCH · Investment advisory (participants)$62,994

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

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Administrative cost history3
2024$107,245 · 0.82%
2023$104,806 · 0.88%
2022$110,952 · 0.79%
Same employer
Similar plansAccommodation & Food Services · New York
Lessings, Inc. NY$14.4M · 0.04%
Lotte New York Palace, LLC. NY$12.3M · 0.57%
Bill Grays, Inc. NY$12.3M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161416070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.