Plan Ledger DOL Form 5500 · updated monthly

Werner Construction Co401(k)

WERNER AFFILIATED COMPANIES EMPLOYEES SAVINGS TRUST · HASTINGS, NE · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Werner Construction Co reported $53,118 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,053 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 0.36% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Nebraska (317th of 565), and the 2,548th of 5,337 in construction. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 286 to 319 since 2022.

Plan summary
Net assets, end of year$14,247,661
Participants with balances119
Active participants319
Employer contributions$335,982
Employee contributions$716,375
Employer contribution per active participant$1,053
Average account balance$119,728
Benefits paid to participants$1,907,040
Plan auditUnmodified (clean) audit opinion
AuditorHOCKING & SCHULENBERG, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 119 accts · $336K emplr
2023$13.7M · 130 accts · $331K emplr
2022$11.9M · 123 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,969
Investment management$28,149
Total administrative$53,118
The Werner Construction Co 401(k) match · 2024
Employer contribution per active participant$1,053
Median for plans this size$2,416
2024$1,053 per active participant
2023$1,088 per active participant
2022$753 per active participant

Werner Construction Co'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 · 20243
DA DAVIDSON & CO · Investment advisory (plan)$26,677
EMPOWER ADVISORY GROUP, LLC · Investment management$1,472

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$53,118 · 0.38%
2023$46,188 · 0.36%
2022$46,976 · 0.36%
Similar plansConstruction · Nebraska
Kidwell, Inc. NE$17.7M · 0.70%
Boyd Jones Construction Co. NE$17.2M · 0.28%
Paulsen, Inc. NE$13.1M · 0.09%
Americas Fence Store Inc. NE$12.4M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470469957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.