Plan Ledger DOL Form 5500 · updated monthly

West Bend Mutual Insurance Co.401(k)

WEST BEND MUTUAL INSURANCE COMPANY EMPLOYEE SAVINGS PLAN · WEST BEND, WI · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

West Bend Mutual Insurance Co. reported $103,485 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,342 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 0.018% to 0.024%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 70th-largest of 1,936 plans among Wisconsin employers on file, and the 327th of 4,798 in finance & insurance. In 2024, the employer put in $1.00 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$462,994,746
Participants with balances1,931
Active participants1,662
Employer contributions$15,526,992
Employee contributions$15,455,359
Employer contribution per active participant$9,342
Average account balance$239,769
Benefits paid to participants$40,127,089
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$463.0M · 1,931 accts · $15.5M emplr
2023$411.8M · 1,929 accts · $15.0M emplr
2022$353.5M · 1,826 accts · $14.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,376
Investment management$78,109
Total administrative$103,485
The West Bend Mutual Insurance Co. 401(k) match · 2024
Employer contribution per active participant$9,342
Median for plans this size$4,294
2024$9,342 per active participant
2023$9,236 per active participant
2022$9,089 per active participant

West Bend Mutual Insurance Co.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$78,109
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$103,485 · 0.02%
2023$1,370 · 0.00%
2022$71,623 · 0.02%
Same employer
Similar plansFinance & Insurance · Wisconsin
Sentry Insurance Company WI$1.9B · 0.01%
Qbe Holdings, Inc. WI$792.0M · 0.03%
Artisan Partners Holdings LP WI$387.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390698170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.