Plan Ledger DOL Form 5500 · updated monthly

Western Utility Telecom Inc401(k)

WESTERN UTILITY TELECOM INC 401(K) PLAN · SALEM, OR · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Western Utility Telecom Inc reported $8,804 in plan administrative expenses for 2024: 0.83% of average plan assets, above the peer median. Employer contributions averaged $1,557 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (944th of 1,021), and 13,184th of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,233,006
Participants with balances132
Active participants66
Employer contributions$102,783
Employee contributions$196,733
Employer contribution per active participant$1,557
Average account balance$9,341
Benefits paid to participants$74,343
Plan auditUnmodified (clean) audit opinion
AuditorJARRARD,SEIBERT,POLLARD & CO., LLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,804
Total administrative$8,804
The Western Utility Telecom Inc 401(k) match · 2024
Employer contribution per active participant$1,557
Median for plans this size$1,313

Western Utility Telecom Inc's 2024 employer contribution ran above 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 · 20241
NEWPORT GROUP, INC. · Recordkeeping$8,804

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

Administrative cost history1
2024$8,804 · 0.83%
Similar plansManufacturing · Oregon
River Barrel Brewing Inc OR$1.4M · 1.33%
Arcimoto Inc OR$1.1M · 0.60%
Umpqua Dairy Products Co. OR$647K · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912173102 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.