Plan Ledger DOL Form 5500 · updated monthly

Weylchem US, Inc.401(k)

WEYLCHEM US, INC. 401(K) PLAN · ELGIN, SC · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Weylchem US, Inc. reported $85,880 in plan administrative expenses for 2024: 0.82% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,513 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 3 years on file its reported administrative ratio has held roughly steady near 0.82%. 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 among the smaller plans on file in South Carolina (411th of 807), and 8,487th of 13,661 in manufacturing. In 2024, employees put in $3.06 for every $1.00 the employer contributed; active participation has shrunk from 109 to 83 since 2022.

Plan summary
Net assets, end of year$10,708,567
Participants with balances137
Active participants83
Employer contributions$208,574
Employee contributions$637,520
Employer contribution per active participant$2,513
Average account balance$78,165
Benefits paid to participants$1,386,365
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT PIETRAS & STORMER PA
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 137 accts · $209K emplr
2023$10.3M · 150 accts · $251K emplr
2022$9.8M · 136 accts · $222K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,931
Investment management$36,949
Audit (IQPA)$19,000
Total administrative$85,880
The Weylchem US, Inc. 401(k) match · 2024
Employer contribution per active participant$2,513
Median for plans this size$2,416
2024$2,513 per active participant
2023$2,484 per active participant
2022$2,035 per active participant

Weylchem US, 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 · 20243
PALLAS CAPITAL ADVISORS, LLC · Recordkeeping · Pension consulting$36,949
ADP, INC. · Loan processing · Recordkeeping$29,931
BAUKNIGHT PIETRAS & STORMER PA · Recordkeeping · Pension consulting$19,000

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

Recordkeeper by year2
2024ADP, BAUKNIGHT PIETRAS & STORMER PA, PALLAS CAPITAL ADVISORS, LLC
2023ADP, GRANT THORNTON LLP, PALLAS CAPITAL ADVISORS, LLC

This plan has changed recordkeepers within these filings. If you left Weylchem US, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$85,880 · 0.82%
2023$77,898 · 0.77%
2022$89,607 · 0.81%
Same employer
Similar plansManufacturing · South Carolina
Owen Steel Company Inc. SC$12.5M · 0.35%
Mancor Industries, Inc. SC$11.6M · 0.58%
The Urban Electric Company SC$10.0M · 0.41%
Key West Boats, Inc. SC$9.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570485226 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.