Plan Ledger DOL Form 5500 · updated monthly

Wgi, Inc.401(k)

WGI, INC. 401(K) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Wgi, Inc. reported $278,307 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,305 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 0.43% to 0.51%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 484th-largest of 3,644 plans among Florida employers on file, and the 2,445th of 11,654 in professional & technical services. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has shrunk from 557 to 497 since 2022.

Plan summary
Net assets, end of year$57,752,074
Participants with balances645
Active participants497
Employer contributions$1,145,671
Employee contributions$3,906,998
Employer contribution per active participant$2,305
Average account balance$89,538
Benefits paid to participants$5,732,262
Plan auditUnmodified (clean) audit opinion
AuditorPFK O'CONNOR DAVIES
Plan history3
Yearassets · accounts · employer contribution
2024$57.8M · 645 accts · $1.1M emplr
2023$50.8M · 648 accts · $1.1M emplr
2022$38.6M · 635 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$134,669
Investment management$143,638
Total administrative$278,307
The Wgi, Inc. 401(k) match · 2024
Employer contribution per active participant$2,305
Median for plans this size$3,635
2024$2,305 per active participant
2023$2,005 per active participant
2022$2,124 per active participant

Wgi, Inc.'s 2024 employer contribution ran below the $3,635 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
JOHN HANCOCK LIFE INSURANCE CO. USA · Recordkeeping · Investment management$102,787
R .J. L. PENSION SERVICES, INC. · Recordkeeping · Pension consulting$31,883
MERRILL LYNCH FAS & EPS (RIA) · Investment advisory (participants)$143,638

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

Recordkeeper by year2
2024John Hancock, R .J. L. PENSION SERVICES, INC.
2023John Hancock, R .J. L. PENSION SERVICES, INC.

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Administrative cost history3
2024$278,307 · 0.51%
2023$230,456 · 0.52%
2022$169,399 · 0.43%
Same employer
Similar plansProfessional & Technical Services · Florida
Iqnavigator, Inc. FL$59.6M · 0.24%
Cole, Scott & Kissane, P.A. FL$59.3M · 0.35%
Craneware Inc FL$57.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650271367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.