Plan Ledger DOL Form 5500 · updated monthly

Windemuller Electric Inc.401(k)

WINDEMULLER ELECTRIC INC. RETIREMENT PLAN · WAYLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Windemuller Electric Inc. reported $60,690 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,518 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 0.30% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 912th-largest of 2,619 plans among Michigan employers on file, and the 1,791st of 5,337 in construction. In 2024, employees put in $4.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,937,956
Participants with balances264
Active participants231
Employer contributions$350,610
Employee contributions$1,485,018
Employer contribution per active participant$1,518
Average account balance$90,674
Benefits paid to participants$2,040,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 264 accts · $351K emplr
2023$21.4M · 261 accts · $333K emplr
2022$17.9M · 260 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,690
Total administrative$60,690
The Windemuller Electric Inc. 401(k) match · 2024
Employer contribution per active participant$1,518
Median for plans this size$2,416
2024$1,518 per active participant
2023$1,498 per active participant
2022$1,358 per active participant

Windemuller Electric Inc.'s 2024 employer contribution ran below 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$60,689
NORTHWESTERN MUTUAL WEALTH MGMT · Investment advisory (plan)indirect comp
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 history3
2024$60,690 · 0.27%
2023$58,685 · 0.30%
2022$62,576 · 0.30%
Same employer
Similar plansConstruction · Michigan
Mps Group, Inc. MI$25.6M · 0.54%
The Csm Group, Inc. MI$25.3M · 0.22%
Central Asphalt, Inc. MI$24.3M · 0.05%
Goyette Mechanical Co. MI$23.6M · 0.05%
J Ranck Electric, Inc. MI$22.7M · 0.44%
Pleune Service Company MI$22.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381710601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.