Plan Ledger DOL Form 5500 · updated monthly

Western Building Center401(k)

WESTERN BUILDING CENTER 401(K) PROFIT SHARING PLAN · KALISPELL, MT · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Western Building Center reported $89,706 in plan administrative expenses for 2024: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,330 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 0.70% to 0.81%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Montana (119th of 229), and the 2,357th of 5,215 in retail trade. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$11,484,533
Participants with balances395
Active participants279
Employer contributions$650,000
Employee contributions$586,770
Employer contribution per active participant$2,330
Average account balance$29,075
Benefits paid to participants$1,794,371
Plan auditUnmodified (clean) audit opinion
AuditorJORDAHL AND SLITER PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 395 accts · $650K emplr
2023$10.7M · 373 accts · $703K emplr
2022$8.8M · 359 accts · $690K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,646
Investment management$29,060
Total administrative$89,706
The Western Building Center 401(k) match · 2024
Employer contribution per active participant$2,330
Median for plans this size$2,416
2024$2,330 per active participant
2023$2,492 per active participant
2022$2,509 per active participant

Western Building Center'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 · 20242
EDWARD D. JONES & CO. · Investment advisory (participants)$26,908
BIG SKY RETIREMENT · Contract administrator$21,252

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$89,706 · 0.81%
2023$80,064 · 0.82%
2022$64,185 · 0.70%
Same employer
Similar plansRetail Trade · Montana
Ressler Motor Company MT$16.3M · 0.66%
Pierce's Flooring, Inc. MT$15.0M · 0.43%
The Bretz Companies Inc. MT$13.0M · 0.15%
Good Food Store, Inc. MT$11.6M · 0.19%
Simkins-Hallin, Inc. MT$10.9M · 0.49%
Crs Hardware Corporation MT$10.8M · 0.02%
Bretz, Inc. MT$9.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810257771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.