Plan Ledger DOL Form 5500 · updated monthly

Wheel Pros, LLC401(k)

WHEEL PROS, LLC 401(K) RETIREMENT PLAN · GREENWOOD VILLAGE, CO · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Wheel Pros, LLC reported $381,482 in plan administrative expenses for 2023: 0.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,074 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 0.40% to 0.47%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other wholesale trade employers. By assets it is the 146th-largest of 1,461 plans among Colorado employers on file, and the 481st of 4,246 in wholesale trade. In 2023, employees put in $1.42 for every $1.00 the employer contributed; active participation has shrunk from 2,502 to 1,543 since 2022.

Plan summary
Net assets, end of year$87,557,350
Participants with balances2,023
Active participants1,543
Employer contributions$6,285,900
Employee contributions$8,956,068
Employer contribution per active participant$4,074
Average account balance$43,281
Benefits paid to participants$19,569,774
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$84.8M · 1,697 accts · $1.2M emplr
2023$87.6M · 2,023 accts · $6.3M emplr
2022$77.9M · 2,994 accts · $5.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$381,482
Total administrative$381,482
The Wheel Pros, LLC 401(k) match · 2023
Employer contribution per active participant$4,074
Median for plans this size$3,659
2024$1,272 per active participant
2023$4,074 per active participant
2022$2,105 per active participant

Wheel Pros, LLC's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK USA · Recordkeeping · Investment management$114,238
WOODBURY FINANCIAL SERVICES · Investment advisory (participants) · Investment advisory (plan)$107,097

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
2023John Hancock

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Administrative cost history3
2024$404,216 · 0.47%
2023$381,482 · 0.46%
2022$246,780 · 0.40%
Same employer
Similar plansWholesale Trade · Colorado
Ardent Mills, LLC CO$295.3M · 0.06%
Wagner Equipment Co. CO$279.4M · 0.04%
Mrc Global (US) Inc. CO$257.7M · 0.10%
Trinidad Benham Corp. CO$244.2M · 0.00%
M-L Holdings Company CO$47.2M · 0.33%
Brown Strauss, Inc. CO$43.5M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270745738 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.