Plan Ledger DOL Form 5500 · updated monthly

Wholesale Electric Supply Co., Inc.ESOP

WHOLESALE ELECTRIC SUPPLY COMPANY INC. EMPLOYEE STOCK OWNERSHIP PLAN · TEXARKANA, TX · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Wholesale Electric Supply Co., Inc. reported $39,216 in plan administrative expenses for 2023: 0.18% of average plan assets, below the peer median. Employer contributions averaged $514 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 1 year on file its reported administrative ratio fell from 0.22% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,788th-largest of 5,688 plans among Texas employers on file, and the 1,782nd of 5,337 in construction.

Plan summary
Net assets, end of year$24,130,469
Participants with balances545
Active participants486
Employer contributions$250,000
Employee contributions—
Employer contribution per active participant$514
Average account balance$44,276
Benefits paid to participants$1,051,654
Plan auditUnmodified (clean) audit opinion
AuditorROZIER, MCKAY & WILLIS
Plan history2
Yearassets · accounts · employer contribution
2023$24.1M · 545 accts · $250K emplr
2022$18.6M · 537 accts · $500K emplr
Administrative expenses, itemized · 2023
Audit (IQPA)$12,500
Trustee / custodial$26,716
Total administrative$39,216
Employer contributions to the Wholesale Electric Supply Co., Inc. plan · 2023
Employer contribution per active participant$514
Median for plans this size$2,440
2023$514 per active participant
2022$1,193 per active participant

Wholesale Electric Supply Co., Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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
CADENCE BANK · Trustee$26,716
ROZIER MCKAY & WILLIS · Accounting / audit$12,500

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

Administrative cost history2
2023$39,216 · 0.18%
2022$38,621 · 0.22%
All plans at this employer2
WHOLESALE ELECTRIC SUPPLY COMPANY INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
WHOLESALE ELECTRIC SUPPLY COMPANY, INC 401(K) PROFIT SHARING PLAN401(k)
Same employer
Similar plansConstruction · Texas
Big State Electric, LTD. TX$24.5M · 0.13%
Central Texas Iron Works TX$24.3M · 0.24%
Costello, Inc. TX$23.3M · 0.31%
Newmark Homes Houston, LLC TX$23.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751102645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.