Plan Ledger DOL Form 5500 · updated monthly

Wilberts Inc.401(k)

WILBERTS INC.401(K) PLAN · WEBSTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Wilberts Inc. reported $51,278 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,218 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 0.37% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (3,329th of 5,648), and 2,683rd of 4,246 in wholesale trade. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has grown from 136 to 156 since 2022.

Plan summary
Net assets, end of year$11,967,084
Participants with balances207
Active participants156
Employer contributions$501,986
Employee contributions$676,264
Employer contribution per active participant$3,218
Average account balance$57,812
Benefits paid to participants$308,472
Plan auditUnmodified (clean) audit opinion
AuditorHEVERON & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 207 accts · $502K emplr
2023$9.4M · 189 accts · $450K emplr
2022$6.9M · 167 accts · $372K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,776
Investment management$25,502
Total administrative$51,278
The Wilberts Inc. 401(k) match · 2024
Employer contribution per active participant$3,218
Median for plans this size$2,416
2024$3,218 per active participant
2023$2,961 per active participant
2022$2,734 per active participant

Wilberts 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 · 20243
ADP, INC. · Recordkeeping · Loan processing$25,775
WEALTH ENHANCEMENT ADVISORY SERVICE · Recordkeeping · Trustee$25,502
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, WEALTH ENHANCEMENT ADVISORY SERVICE
2023ADP, WEALTH ENHANCEMENT ADVISORY SERVICE

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Administrative cost history3
2024$51,278 · 0.48%
2023$29,615 · 0.36%
2022$26,513 · 0.37%
Same employer
Similar plansWholesale Trade · New York
Decor Moulding LTD. NY$12.3M · 0.13%
Soho Studio LLC. NY$12.0M · 1.12%
Vp Supply Corporation NY$11.8M · 0.17%
Api Industries, Inc. NY$11.2M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161462160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.