Plan Ledger DOL Form 5500 · updated monthly

Wesbanco, Inc.401(k) + ESOP (KSOP)

WESBANCO, INC. KSOP · WHEELING, WV · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Wesbanco, Inc. reported $212,991 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,732 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 fell from 0.12% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 8th-largest of 265 plans among West Virginia employers on file, and the 516th of 4,798 in finance & insurance. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$238,126,215
Participants with balances2,678
Active participants2,447
Employer contributions$6,685,561
Employee contributions$13,357,535
Employer contribution per active participant$2,732
Average account balance$88,919
Benefits paid to participants$25,412,711
Plan auditUnmodified (clean) audit opinion
AuditorERNST AND YOUNG LLP
Plan history3
Yearassets · accounts · employer contribution
2024$238.1M · 2,678 accts · $6.7M emplr
2023$212.1M · 2,860 accts · $6.3M emplr
2022$185.5M · 3,028 accts · $5.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,180
Investment management$88,811
Total administrative$212,991
The Wesbanco, Inc. 401(k) match · 2024
Employer contribution per active participant$2,732
Median for plans this size$3,635
2024$2,732 per active participant
2023$2,424 per active participant
2022$2,345 per active participant

Wesbanco, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$175,879
PNC BANK NA · Investment advisory (plan)$52,000
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$18,495

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, Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Wesbanco, 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$212,991 · 0.09%
2023$226,071 · 0.11%
2022$248,243 · 0.12%
Same employer
Similar plansFinance & Insurance · West Virginia
United Bankshares, Inc. WV$282.1M · 0.11%
First Premier Bank SD$240.6M · 0.19%
Golden 1 Credit Union CA$237.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550571723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.