Plan Ledger DOL Form 5500 · updated monthly

Western Branch Diesel LLC401(k)

WESTERN BRANCH DIESEL LLC SAVINGS & RETIREMENT PLAN · PORTSMOUTH, VA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Western Branch Diesel LLC reported $23,369 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,222 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 0.05% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 436th-largest of 2,266 plans among Virginia employers on file, and the 368th of 3,341 in other services. In 2024, employees put in $2.20 for every $1.00 the employer contributed; active participation has grown from 307 to 621 since 2022.

Plan summary
Net assets, end of year$58,187,329
Participants with balances777
Active participants621
Employer contributions$1,380,028
Employee contributions$3,029,706
Employer contribution per active participant$2,222
Average account balance$74,887
Benefits paid to participants$5,584,612
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.2M · 777 accts · $1.4M emplr
2023$52.4M · 699 accts · $1.7M emplr
2022$24.4M · 309 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,275
Investment management$18,094
Total administrative$23,369
The Western Branch Diesel LLC 401(k) match · 2024
Employer contribution per active participant$2,222
Median for plans this size$3,635
2024$2,222 per active participant
2023$2,820 per active participant
2022$1,045 per active participant

Western Branch Diesel LLC'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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$18,094
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,275

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$23,369 · 0.04%
2023$24,229 · 0.06%
2022$14,676 · 0.05%
Similar plansOther Services · Virginia
Metron, Inc. VA$67.7M · 0.13%
The Conservation Fund VA$66.0M · 0.26%
Hc Salon Holdings, Inc. VA$51.4M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540641602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.