Westmoreland Mechanical Testing and Research401(k)
WESTMORELAND MECHANICAL TESTING AND RESEARCH PROFIT SHARING PLAN · YOUNGSTOWN, PA · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Westmoreland Mechanical Testing and Research reported $3,288 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,338 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 fell from 0.05% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (1,944th of 3,651), and 6,842nd of 11,654 in professional & technical services. In 2023, employees put in $1.56 for every $1.00 the employer contributed.
Westmoreland Mechanical Testing and Research's 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 251206267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.