Plan Ledger DOL Form 5500 · updated monthly

Western Composites LLC401(k)

WESTERN COMPOSITES LLC 401(K) SAVINGS PLAN · SCOTTSDALE, CA · plan year 2023

Reported admin expense ratio · 2023
0.76%

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

Western Composites LLC reported $39,929 in plan administrative expenses for 2023: 0.76% of average plan assets, above the peer median. Employer contributions averaged $5,502 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 1 year on file its reported administrative ratio fell from 0.76% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (6,909th of 9,483), and 11,060th of 13,661 in manufacturing. In 2023, the employer put in $1.76 for every $1.00 employees contributed themselves; active participation has shrunk from 129 to 68 since 2022.

Plan summary
Net assets, end of year$5,289,952
Participants with balances182
Active participants68
Employer contributions$374,119
Employee contributions$212,421
Employer contribution per active participant$5,502
Average account balance$29,066
Benefits paid to participants$1,018,883
Plan auditDisclaimer of opinion
AuditorCM3 ADVISORY
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 145 accts · $75K emplr
2023$5.3M · 182 accts · $374K emplr
2022$5.2M · 234 accts · $198K emplr
The Western Composites LLC 401(k) match · 2023
Employer contribution per active participant$5,502
Median for plans this size$1,308
2024$1,605 per active participant
2023$5,502 per active participant
2022$1,532 per active participant

Western Composites LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PLEXUS FINANCIAL SERVIOCES, LLC · Investment advisory (plan)$25,494
ACTUARIAL BENEFITS CORP · Contract administrator$16,582
NATIONWIDE$10,786
CM3 ADVISOR · Accounting / audit$10,000

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$24,156 · 0.50%
2023$39,929 · 0.76%
2022Not separately reported
Similar plansManufacturing · California
Nixon, Inc. CA$5.3M · 0.40%
Hobie Cat Company II, LLC CA$5.3M · 0.35%
Martinez & Turek, Inc. CA$5.3M · 0.72%
Delta Trak, Inc. CA$5.3M · 0.26%
Three Sons, Inc. CA$5.2M · 0.05%
Fior Di Sole, LLC CA$5.2M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871613689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.