Plan Ledger DOL Form 5500 · updated monthly

Westfalia Technologies, Inc.401(k)

WESTFALIA TECHNOLOGIES, INC. SAVINGS PLAN · YORK, PA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Westfalia Technologies, Inc. reported $52,191 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $3,259 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 0.26% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,746th-largest of 3,651 plans among Pennsylvania employers on file, and the 6,730th of 13,661 in manufacturing. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 160 to 197 since 2022.

Plan summary
Net assets, end of year$16,261,735
Participants with balances196
Active participants197
Employer contributions$641,994
Employee contributions$1,399,193
Employer contribution per active participant$3,259
Average account balance$82,968
Benefits paid to participants$516,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 196 accts · $642K emplr
2023$13.1M · 171 accts · $517K emplr
2022$10.7M · 139 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,191
Total administrative$52,191
The Westfalia Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$3,259
Median for plans this size$2,416
2024$3,259 per active participant
2023$2,808 per active participant
2022$2,645 per active participant

Westfalia Technologies, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$52,156
SMITH ELLIOTT KEARNS & COMPANY, LLC · Contract administrator · Other services$35
MML INVESTORS SERVICES LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$52,191 · 0.36%
2023$39,938 · 0.34%
2022$29,066 · 0.26%
Same employer
Similar plansManufacturing · Pennsylvania
Vallorbs Jewel Company PA$16.7M · 0.35%
Kvk-Tech, Inc. PA$16.6M · 0.13%
Dyco, Inc. PA$16.6M · 0.54%
Chemstream, Inc. PA$16.2M · 0.36%
Vari Corporation PA$16.2M · 0.34%
Ussc Acquisition Corp. PA$16.1M · 0.51%
Nielsen-Kellerman Co. PA$16.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232678132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.