Plan Ledger DOL Form 5500 · updated monthly

Westwood Professional Services, Inc.401(k)

WESTWOOD PROFESSIONAL SERVICES, INC. 401(K) PROFIT SHARING PLAN · PLANO, TX · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Westwood Professional Services, Inc. reported $217,515 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $7,852 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 0.11% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 398th-largest of 5,688 plans among Texas employers on file, and the 342nd of 5,337 in construction. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has grown from 1,247 to 1,590 since 2022.

Plan summary
Net assets, end of year$200,946,068
Participants with balances1,812
Active participants1,590
Employer contributions$12,484,571
Employee contributions$11,624,155
Employer contribution per active participant$7,852
Average account balance$110,897
Benefits paid to participants$15,766,969
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$200.9M · 1,812 accts · $12.5M emplr
2023$167.8M · 1,489 accts · $9.6M emplr
2022$120.1M · 1,332 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,630
Investment management$142,755
Total administrative$217,515
The Westwood Professional Services, Inc. 401(k) match · 2024
Employer contribution per active participant$7,852
Median for plans this size$3,635
2024$7,852 per active participant
2023$6,877 per active participant
2022$3,921 per active participant

Westwood Professional Services, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
EMPOWER ADVISORY GROUP, LLC · Investment management$82,755
MMA SECURITIES LLC · Investment advisory (plan)$60,000

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$217,515 · 0.12%
2023$219,842 · 0.15%
2022$129,844 · 0.11%
Same employer
Similar plansConstruction · Texas
Hcbeck, LTD. TX$189.9M · 0.17%
Webber, LLC. TX$189.3M · 0.19%
Meriton, LLC TX$168.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411617552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.