Plan Ledger DOL Form 5500 · updated monthly

Western Industrial Resources Corporation401(k)

WESTERN INDUSTRIAL RESOURCES CORP RETIREMENT SAVINGS PLAN · APACHE JUNCTION, AZ · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Western Industrial Resources Corporation reported $55,188 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,022 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 0.65% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Arizona (721st of 1,285), and 3,593rd of 5,337 in construction. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 273 to 333 since 2022.

Plan summary
Net assets, end of year$6,990,234
Participants with balances203
Active participants333
Employer contributions$340,437
Employee contributions$671,420
Employer contribution per active participant$1,022
Average account balance$34,435
Benefits paid to participants$310,322
Plan auditUnmodified (clean) audit opinion
AuditorBEACHFLEISCHMAN PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 203 accts · $340K emplr
2023$5.8M · 207 accts · $462K emplr
2022$4.6M · 199 accts · $426K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,188
Total administrative$55,188
The Western Industrial Resources Corporation 401(k) match · 2024
Employer contribution per active participant$1,022
Median for plans this size$1,313
2024$1,022 per active participant
2023$1,231 per active participant
2022$1,561 per active participant

Western Industrial Resources Corporation's 2024 employer contribution ran below the $1,313 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 · 20243
THE HAYS FINANCIAL GROUP LLC · Investment advisory (plan)$31,844
ASCENSUS HOLDINGS INC DBA FUTUREPLA · Contract administrator$750

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$55,188 · 0.86%
2023$42,570 · 0.82%
2022$29,708 · 0.65%
Same employer
Similar plansConstruction · Arizona
Adobe Drywall, L.L.C. AZ$7.1M · 0.54%
Fann Contracting, Inc. AZ$7.0M · 0.53%
Fnf Construction, Inc. AZ$7.0M · 0.80%
Tel Tech Networks, Inc. AZ$6.8M · 0.80%
Cactus Transport, Inc. AZ$6.7M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 861007205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.