Plan Ledger DOL Form 5500 · updated monthly

Western Plastics, Inc.401(k)

WESTERN PLASTICS, INC 401(K) PROFIT SHARING PLAN · CALHOUN, GA · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Western Plastics, Inc. reported $32,287 in plan administrative expenses for 2023: 0.43% of average plan assets, below the peer median. Employer contributions averaged $1,524 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 3 years on file its reported administrative ratio has held roughly steady near 0.45%. 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 Georgia (1,361st of 2,160), and 9,559th of 13,661 in manufacturing. In 2023, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,250,212
Participants with balances139
Active participants166
Employer contributions$252,944
Employee contributions$544,879
Employer contribution per active participant$1,524
Average account balance$59,354
Benefits paid to participants$550,424
Plan auditDisclaimer of opinion
AuditorCHARLES A. HALL, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 136 accts · $269K emplr
2023$8.3M · 139 accts · $253K emplr
2022$6.8M · 131 accts · $258K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,105
Investment management$7,182
Total administrative$32,287
The Western Plastics, Inc. 401(k) match · 2023
Employer contribution per active participant$1,524
Median for plans this size$1,308
2024$1,638 per active participant
2023$1,524 per active participant
2022$1,492 per active participant

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

Service providers · 20232
ASCENSUS LLC · Recordkeeping$25,105
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$7,182

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,017 · 0.45%
2023$32,287 · 0.43%
2022$31,859 · 0.43%
Same employer
Similar plansManufacturing · Georgia
Wallace Graphics, Inc. GA$8.5M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581961034 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.