Plan Ledger DOL Form 5500 · updated monthly

White Drive Motors and Steering, LLC401(k)

WHITE 401(K) PLAN · HOPKINSVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.74%

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

White Drive Motors and Steering, LLC reported $83,736 in plan administrative expenses for 2023: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,924 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 0.56% to 0.85%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 402nd-largest of 871 plans among Kentucky employers on file, and 7,675th of 13,661 in manufacturing. In 2023, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,147,184
Participants with balances414
Active participants350
Employer contributions$1,373,459
Employee contributions$1,584,875
Employer contribution per active participant$3,924
Average account balance$31,756
Benefits paid to participants$1,351,083
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 434 accts · $940K emplr
2023$13.1M · 414 accts · $1.4M emplr
2022$9.6M · 297 accts · $981K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$72,000
Investment management$11,736
Total administrative$83,736
The White Drive Motors and Steering, LLC 401(k) match · 2023
Employer contribution per active participant$3,924
Median for plans this size$2,440
2024$5,283 per active participant
2023$3,924 per active participant
2022$2,991 per active participant

White Drive Motors and Steering, LLC's 2023 employer contribution ran above the $2,440 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 · 20233
EMPOWER ADVISORY GROUP, LLC · Investment management$11,336
QDRO CONSULTANTS COMPANY, LLC · Investment advisory (plan)$400

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$108,137 · 0.85%
2023$83,736 · 0.74%
2022$52,210 · 0.56%
Same employer
Similar plansManufacturing · Kentucky
New Mather Metals, Inc. KY$14.0M · 0.54%
Trace Die Cast, Inc. KY$14.0M · 0.49%
Dant Clayton Corporation KY$13.4M · 0.18%
Champion Petfoods USA Inc. KY$13.2M · 0.37%
Zeochem, LLC KY$12.1M · 0.40%
Tarter Companies KY$12.0M · 0.08%
Bonfiglioli USA KY$11.9M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862586587 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.