Plan Ledger DOL Form 5500 · updated monthly

Wheeler Manufacturing Co., Inc.401(k)

WHEELER MANUFACTURING CO., INC. PROFIT SHARING/401(K) TRUST · LEMMON, SD · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Wheeler Manufacturing Co., Inc. reported $34,452 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $735 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 rose from 0.44% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in South Dakota (159th of 233), and 9,769th of 13,661 in manufacturing. In 2024, employees put in $3.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,783,217
Participants with balances104
Active participants104
Employer contributions$76,468
Employee contributions$283,227
Employer contribution per active participant$735
Average account balance$74,839
Benefits paid to participants$963,506
Plan auditUnmodified (clean) audit opinion
AuditorWIDMER ROEL PC
Plan history4
Yearassets · accounts · employer contribution
2025$7.4M · 103 accts · $77K emplr
2024$7.8M · 104 accts · $76K emplr
2023$7.4M · 115 accts · $81K emplr
2022$7.4M · 112 accts · $84K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,452
Total administrative$34,452
The Wheeler Manufacturing Co., Inc. 401(k) match · 2024
Employer contribution per active participant$735
Median for plans this size$1,313
2025$733 per active participant
2024$735 per active participant
2023$750 per active participant
2022$805 per active participant

Wheeler Manufacturing Co., Inc.'s 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,452
VISIONPOINT ADVISORY GROUP · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$36,768 · 0.49%
2024$34,452 · 0.45%
2023$32,197 · 0.43%
2022$34,049 · 0.44%
Same employer
Similar plansManufacturing · South Dakota
Masaba, Inc. SD$8.6M · 0.04%
Diamond Mowers, LLC SD$8.5M · 0.62%
Trussbilt, LLC SD$8.1M · 0.59%
Dakota Bodies, LLC SD$4.2M · 0.86%
Grand Prairie Foods SD$3.6M · 1.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460259808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.