Plan Ledger DOL Form 5500 · updated monthly

Whetstone Holdings401(k)

WHETSTONE HOLDINGS 401(K) PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Whetstone Holdings reported $35,488 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,795 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 fell from 1.18% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (2,652nd of 3,644), and 4,505th of 4,798 in finance & insurance. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 185 to 230 since 2022.

Plan summary
Net assets, end of year$4,163,656
Participants with balances202
Active participants230
Employer contributions$412,860
Employee contributions$657,856
Employer contribution per active participant$1,795
Average account balance$20,612
Benefits paid to participants$229,777
Plan auditUnmodified (clean) audit opinion
AuditorMARSHALL JONES
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 202 accts · $413K emplr
2023$2.8M · 196 accts · $333K emplr
2022$2.4M · 180 accts · $264K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,488
Total administrative$35,488
The Whetstone Holdings 401(k) match · 2024
Employer contribution per active participant$1,795
Median for plans this size$1,313
2024$1,795 per active participant
2023$1,448 per active participant
2022$1,427 per active participant

Whetstone Holdings's 2024 employer contribution ran above 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 · 20241
JOHN HANCOCK USA · Recordkeeping$2,576

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$35,488 · 1.01%
2023$34,793 · 1.33%
2022$27,660 · 1.18%
Same employer
Similar plansFinance & Insurance · Florida
Csi Enterprises Inc FL$5.0M · 0.52%
Xponent HR Solutions LLC FL$4.5M · 0.90%
Nicholas Financial Inc FL$4.4M · 0.59%
Biorasi, LLC FL$4.1M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464056317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.