Plan Ledger DOL Form 5500 · updated monthly

Wightman & Associates, Inc.401(k)

WIGHTMAN & ASSOCIATES, INC. 401K PROFIT SHARING PLAN · BENTON HARBOR, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Wightman & Associates, Inc. reported $43,220 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,954 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 0.15% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 783rd-largest of 2,619 plans among Michigan employers on file, and the 4,149th of 11,654 in professional & technical services. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 160 to 206 since 2022.

Plan summary
Net assets, end of year$30,281,678
Participants with balances235
Active participants206
Employer contributions$608,426
Employee contributions$1,432,741
Employer contribution per active participant$2,954
Average account balance$128,858
Benefits paid to participants$732,515
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE & MORAN, PPLC
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 235 accts · $608K emplr
2023$25.5M · 214 accts · $518K emplr
2022$19.3M · 198 accts · $453K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,902
Total administrative$43,220
The Wightman & Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$2,954
Median for plans this size$2,416
2024$2,954 per active participant
2023$2,892 per active participant
2022$2,833 per active participant

Wightman & Associates, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
ACEC RETIREMENT TRUST$41,269

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$43,220 · 0.16%
2023$32,578 · 0.15%
2022$30,356 · 0.15%
Same employer
Similar plansProfessional & Technical Services · Michigan
Pea Group MI$31.5M · 0.40%
Rowe, Inc. MI$31.0M · 0.21%
Norr LLC MI$27.7M · 0.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 381962190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.