Plan Ledger DOL Form 5500 · updated monthly

Wico Metal Products Company401(k)

WICO METAL PRODUCTS 401(K) PLAN · WARREN, MI · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Wico Metal Products Company reported $63,061 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,077 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 has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,247th-largest of 2,619 plans among Michigan employers on file, and 7,047th of 13,661 in manufacturing. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 250 to 280 since 2022.

Plan summary
Net assets, end of year$15,148,708
Participants with balances125
Active participants280
Employer contributions$301,556
Employee contributions$572,518
Employer contribution per active participant$1,077
Average account balance$121,190
Benefits paid to participants$504,284
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 125 accts · $302K emplr
2023$12.9M · 131 accts · $293K emplr
2022$10.4M · 135 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$925
Investment management$62,136
Total administrative$63,061
The Wico Metal Products Company 401(k) match · 2024
Employer contribution per active participant$1,077
Median for plans this size$2,416
2024$1,077 per active participant
2023$1,053 per active participant
2022$1,150 per active participant

Wico Metal Products Company's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,036

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$63,061 · 0.45%
2023$55,472 · 0.48%
2022$54,869 · 0.46%
Same employer
Similar plansManufacturing · Michigan
Floracraft, Inc. MI$15.4M · 0.18%
Arvco Container Corporation MI$15.3M · 0.32%
Fiamm Technologies L.L.C. MI$15.3M · 0.23%
Robinson Industries, Inc. MI$15.2M · 0.08%
Midwest Fastener Corp. MI$15.1M · 0.21%
T.A. Systems, Inc. MI$15.0M · 0.03%
Sas Global Corporation MI$14.9M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381790134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.