Plan Ledger DOL Form 5500 · updated monthly

Western Shamrock Corporation401(k)

WESTERN SHAMROCK CORPORATION 401(K) PLAN · SAN ANGELO, TX · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Western Shamrock Corporation reported $18,637 in plan administrative expenses for 2023: 0.63% of average plan assets, above the peer median. Employer contributions averaged $265 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 rose from 0.50% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (4,505th of 5,688), and 4,571st of 4,798 in finance & insurance. In 2023, employees put in $2.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,288,283
Participants with balances137
Active participants428
Employer contributions$113,624
Employee contributions$298,960
Employer contribution per active participant$265
Average account balance$24,002
Benefits paid to participants$226,918
Plan auditUnmodified (clean) audit opinion
AuditorPOSTLETHWAITE & NETTERVILLE, APAC
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$3.3M · 137 accts · $114K emplr
2022$2.6M · 121 accts · $146K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,637
Total administrative$18,637
The Western Shamrock Corporation 401(k) match · 2023
Employer contribution per active participant$265
Median for plans this size$1,308
2023$265 per active participant
2022$363 per active participant

Western Shamrock Corporation's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$11,414
LOREN D. STARK COMPANY · Contract administrator$1,634
EMPOWER ADVISORY GROUP, LLC · Investment management$120

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

Administrative cost history3
2024Not separately reported
2023$18,637 · 0.63%
2022$15,458 · 0.50%
Same employer
Similar plansFinance & Insurance · Texas
Dimont & Associates, LLC TX$3.7M · 0.78%
Cla USA, Inc TX$3.5M · 0.03%
Loanpeople LLC TX$3.5M · 1.01%
Aip-Ecs Holdings, LLC TX$3.2M · 1.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752225967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.