Plan Ledger DOL Form 5500 · updated monthly

Williams Industries, Inc.401(k)

WILLIAMS INDUSTRIES, INC. EMPLOYEE SAVINGS AND RETIREMENT PLAN · MANASSAS, VA · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Williams Industries, Inc. reported $81,222 in plan administrative expenses for 2023: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,496 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 fell from 0.84% to 0.77%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,400th of 2,266), and 2,961st of 5,337 in construction. In 2023, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,922,142
Participants with balances281
Active participants141
Employer contributions$210,906
Employee contributions$253,681
Employer contribution per active participant$1,496
Average account balance$38,869
Benefits paid to participants$545,179
Plan auditUnmodified (clean) audit opinion
AuditorHLB GROSS COLLINS P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 265 accts · $241K emplr
2023$10.9M · 281 accts · $211K emplr
2022$9.9M · 271 accts · $218K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$65,454
Audit (IQPA)$15,768
Total administrative$81,222
The Williams Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$1,496
Median for plans this size$2,440
2024$1,810 per active participant
2023$1,496 per active participant
2022$1,492 per active participant

Williams Industries, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20232
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$65,454
HLB GROSS COLLINS · Accounting / audit$15,768

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,615 · 0.77%
2023$81,222 · 0.78%
2022$91,558 · 0.84%
Same employer
Similar plansConstruction · Virginia
Blauch Brothers, Inc. VA$11.5M · 0.38%
Varney, Inc. VA$11.1M
Lee Hy Paving Corporation VA$11.1M · 0.01%
Breeden Mechanical, Inc. VA$10.8M · 0.55%
Cse, Inc. VA$10.6M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540899518 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.