Plan Ledger DOL Form 5500 · updated monthly

Wesco Group LLC401(k)

WESCO GROUP, INC. 401(K) PROFIT SHARING PLAN · LYNNWOOD, WA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Wesco Group LLC reported $133,811 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,556 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 0.57% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 644th-largest of 1,714 plans among Washington employers on file, and the 1,738th of 4,246 in wholesale trade. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,247,354
Participants with balances385
Active participants479
Employer contributions$745,318
Employee contributions$1,317,697
Employer contribution per active participant$1,556
Average account balance$57,785
Benefits paid to participants$1,930,958
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 385 accts · $745K emplr
2023$19.9M · 426 accts · $664K emplr
2022$18.4M · 362 accts · $632K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,086
Investment management$62,822
Total administrative$133,811
The Wesco Group LLC 401(k) match · 2024
Employer contribution per active participant$1,556
Median for plans this size$2,416
2024$1,556 per active participant
2023$1,468 per active participant
2022$1,353 per active participant

Wesco Group LLC's 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK USA · Recordkeeping$5,076
OLYMPIC WEALTH MANAGEMENT LLC · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES INC · Investment advisory (participants)indirect comp

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$133,811 · 0.63%
2023$115,064 · 0.60%
2022$111,680 · 0.57%
Similar plansWholesale Trade · Washington
Cutter & Buck Inc. WA$27.1M · 0.37%
Plymouth Poultry Company WA$22.5M · 0.17%
Christensen, Inc. WA$21.5M · 0.68%
Ring & Pinion Service Inc. WA$19.4M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911167125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.