Plan Ledger DOL Form 5500 · updated monthly

Wesco Distribution, Inc.401(k)

WESCO DISTRIBUTION, INC. RETIREMENT SAVINGS PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Wesco Distribution, Inc. reported $1,265,618 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,921 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 0.05% to 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 38th-largest of 3,651 plans among Pennsylvania employers on file, and the 25th of 4,246 in wholesale trade. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,915,429,360
Participants with balances16,505
Active participants13,146
Employer contributions$51,547,700
Employee contributions$99,723,931
Employer contribution per active participant$3,921
Average account balance$116,051
Benefits paid to participants$202,396,847
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.9B · 16,505 accts · $51.5M emplr
2023$1.7B · 16,770 accts · $56.0M emplr
2022$1.4B · 16,449 accts · $54.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$825,058
Investment management$273,315
Audit (IQPA)$79,916
Total administrative$1,265,618
The Wesco Distribution, Inc. 401(k) match · 2024
Employer contribution per active participant$3,921
Median for plans this size$5,259
2024$3,921 per active participant
2023$4,258 per active participant
2022$3,952 per active participant

Wesco Distribution, Inc.'s 2024 employer contribution ran below the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$828,779
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$273,315
BDO · Consulting$79,916
COOK STREET CONSULTING INC · Consulting$71,250
K&L GATES · Legal$16,079

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$1,265,618 · 0.07%
2023$856,875 · 0.05%
2022$796,368 · 0.05%
Same employer
Similar plansWholesale Trade · Pennsylvania
Cencora, Inc. PA$2.4B · 0.04%
Ricoh USA, Inc. PA$2.2B · 0.05%
Avantor, Inc. PA$648.0M · 0.10%
Brenntag North America, Inc. PA$630.0M · 0.18%
Hajoca Corporation PA$352.3M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251723345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.