Plan Ledger DOL Form 5500 · updated monthly

William H. Porter, Inc.401(k)

PORTER AUTOMOTIVE GROUP 401(K) PLAN · NEWARK, DE · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

William H. Porter, Inc. reported $61,374 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $639 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 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 118th-largest of 242 plans among Delaware employers on file, and the 1,870th of 5,215 in retail trade. In 2024, employees put in $5.21 for every $1.00 the employer contributed; active participation has grown from 117 to 152 since 2022.

Plan summary
Net assets, end of year$15,382,883
Participants with balances112
Active participants152
Employer contributions$97,110
Employee contributions$506,420
Employer contribution per active participant$639
Average account balance$137,347
Benefits paid to participants$577,558
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY INC
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 112 accts · $97K emplr
2023$13.3M · 115 accts · $87K emplr
2022$13.4M · 133 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,968
Investment management$2,918
Total administrative$61,374
The William H. Porter, Inc. 401(k) match · 2024
Employer contribution per active participant$639
Median for plans this size$2,416
2024$639 per active participant
2023$619 per active participant
2022$1,275 per active participant

William H. Porter, Inc.'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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
JOHN HANCOCK LIFE INSURANCE CO. U.S · Recordkeeping · Investment managementindirect comp
WILSHIRE ASSOCIATES, INC. U.S.A. · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES, INC. (USA) · 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.

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$61,374 · 0.43%
2023$55,641 · 0.42%
2022$63,195 · 0.41%
Same employer
Similar plansRetail Trade · Delaware
Lululemon Athletica Inc. DE$218.4M · 0.31%
Delaware Motor Sales, Inc DE$12.1M · 0.68%
The Price Organization DE$11.7M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510069458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.