Plan Ledger DOL Form 5500 · updated monthly

Wesco, Inc.401(k)

WESCO, INC. GREAT ASSOCIATE SAVINGS · NORTH MUSKEGON, MI · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Wesco, Inc. reported $116,060 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $199 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 0.38% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 708th-largest of 2,619 plans among Michigan employers on file, and the 922nd of 5,215 in retail trade. In 2023, employees put in $10.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,293,190
Participants with balances2,391
Active participants1,399
Employer contributions$278,548
Employee contributions$2,980,434
Employer contribution per active participant$199
Average account balance$14,343
Benefits paid to participants$2,398,996
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 1,699 accts · $281K emplr
2023$34.3M · 2,391 accts · $279K emplr
2022$28.5M · 2,075 accts · $251K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$116,060
Total administrative$116,060
The Wesco, Inc. 401(k) match · 2023
Employer contribution per active participant$199
Median for plans this size$2,440
2024$217 per active participant
2023$199 per active participant
2022$174 per active participant

Wesco, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$136,069

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$217,151 · 0.64%
2023$116,060 · 0.37%
2022$118,602 · 0.38%
Same employer
Similar plansRetail Trade · Michigan
Busch's, Inc. MI$36.7M · 0.35%
Denooyer Brothers, Inc. MI$33.2M · 0.32%
Liberty Chevrolet, Inc. MI$32.9M · 0.40%
Lowery Corporation MI$30.7M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382184520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.