Plan Ledger DOL Form 5500 · updated monthly

Wheeler Consolidated, Inc.401(k)

WHEELER CONSOLIDATED, INC. PROFIT SHARING AND SAVINGS PLAN · EDEN PRAIRIE, MN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Wheeler Consolidated, Inc. reported $49,165 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,556 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 0.20% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 924th-largest of 1,918 plans among Minnesota employers on file, and the 1,987th of 4,246 in wholesale trade. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 118 to 145 since 2022.

Plan summary
Net assets, end of year$18,933,213
Participants with balances156
Active participants145
Employer contributions$515,597
Employee contributions$860,788
Employer contribution per active participant$3,556
Average account balance$121,367
Benefits paid to participants$1,551,117
Plan auditUnmodified (clean) audit opinion
AuditorUHY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 156 accts · $516K emplr
2023$16.7M · 133 accts · $875K emplr
2022$13.3M · 119 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,133
Total administrative$49,165
The Wheeler Consolidated, Inc. 401(k) match · 2024
Employer contribution per active participant$3,556
Median for plans this size$2,416
2024$3,556 per active participant
2023$7,232 per active participant
2022$1,783 per active participant

Wheeler Consolidated, 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 · 20242
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$44,032
FIDELITY WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$5,133

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$49,165 · 0.28%
2023$15,372 · 0.10%
2022$30,521 · 0.20%
Same employer
Similar plansWholesale Trade · Minnesota
Waytek, Inc. MN$19.5M · 0.03%
Mti Distributing Inc. MN$19.5M · 0.04%
Nuway-K&H Cooperative MN$18.8M · 0.42%
Total Tool Supply, Inc. MN$18.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421256560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.