Plan Ledger DOL Form 5500 · updated monthly

Western Capital Corporation401(k)

WESTERN CAPITAL CORPORATION 401(K) PROFIT SHARING PLAN · LAKE OSWEGO, OR · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Western Capital Corporation reported $82,108 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,590 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 0.81% to 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Oregon (575th of 1,021), and 4,044th of 4,798 in finance & insurance. In 2024, employees put in $3.26 for every $1.00 the employer contributed; active participation has grown from 106 to 132 since 2022.

Plan summary
Net assets, end of year$9,384,674
Participants with balances171
Active participants132
Employer contributions$341,844
Employee contributions$1,113,373
Employer contribution per active participant$2,590
Average account balance$54,881
Benefits paid to participants$1,496,898
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 171 accts · $342K emplr
2023$8.4M · 164 accts · $294K emplr
2022$7.3M · 137 accts · $222K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,158
Investment management$20,000
Total administrative$82,108
The Western Capital Corporation 401(k) match · 2024
Employer contribution per active participant$2,590
Median for plans this size$1,313
2024$2,590 per active participant
2023$2,370 per active participant
2022$2,092 per active participant

Western Capital Corporation's 2024 employer contribution ran above the $1,313 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 · 20243
MOSS ADAMS LLP · Accounting / audit$39,950
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,153
HUMAN INVESTING · Investment advisory (plan)$20,000

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$82,108 · 0.93%
2023$38,979 · 0.50%
2022$61,573 · 0.81%
Same employer
Similar plansFinance & Insurance · Oregon
Summit Bank OR$12.3M · 0.27%
People's Bank of Commerce OR$10.0M · 0.58%
Oregon Pacific Banking Co OR$9.6M · 0.07%
Atrio Health Plans, Inc. OR$7.1M · 0.84%
6 Degrees Health Inc OR$928K · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261707047 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.