Plan Ledger DOL Form 5500 · updated monthly

Wieland North America, Inc.401(k)

WIELAND NORTH AMERICA, INC. RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.17%

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

Wieland North America, Inc. reported $559,939 in plan administrative expenses for 2023: 0.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,135 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 has held roughly steady near 0.168%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other manufacturing employers. By assets it is the 21st-largest of 871 plans among Kentucky employers on file, and the 722nd of 13,661 in manufacturing. In 2023, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$367,898,857
Participants with balances3,341
Active participants2,910
Employer contributions$17,852,390
Employee contributions$16,849,989
Employer contribution per active participant$6,135
Average account balance$110,116
Benefits paid to participants$31,582,497
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$367.9M · 3,341 accts · $17.9M emplr
2022$300.1M · 2,859 accts · $15.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$383,378
Investment management$176,561
Total administrative$559,939
The Wieland North America, Inc. 401(k) match · 2023
Employer contribution per active participant$6,135
Median for plans this size$4,362
2023$6,135 per active participant
2022$6,291 per active participant

Wieland North America, Inc.'s 2023 employer contribution ran above the $4,362 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$384,906
TOWERS WATSON INVESTMENT · Contract administrator · Pension consulting$176,561
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history2
2023$559,939 · 0.17%
2022$531,630 · 0.17%
Similar plansManufacturing · Kentucky
Brown-Forman Corporation KY$648.5M · 0.03%
Pro Mach, Inc. KY$485.8M · 0.16%
Wieland North America, Inc. KY$424.6M · 0.13%
North American Stainless KY$334.8M · 0.03%
Valvoline Inc. KY$318.8M · 0.20%
Vgp Holdings LLC KY$281.6M · 0.12%
Union Underwear Company, Inc KY$258.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061826563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.