Plan Ledger DOL Form 5500 · updated monthly

Winston-Salem Industries for the Blind, Inc.Profit-sharing plan

WINSTON-SALEM INDUSTRIES FOR THE BLIND RETIREMENT PLAN · WINSTON SALEM, NC · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

Winston-Salem Industries for the Blind, Inc. reported $50,007 in plan administrative expenses for 2022: 0.40% of average plan assets, above the peer median. Employer contributions averaged $255 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 0.40% to 0.86%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in North Carolina (1,061st of 2,005), and the 2,477th of 5,215 in retail trade.

Plan summary
Net assets, end of year$10,832,778
Participants with balances679
Active participants523
Employer contributions$133,206
Employee contributions—
Employer contribution per active participant$255
Average account balance$15,954
Benefits paid to participants$1,188,826
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 590 accts · $467K emplr
2023$9.3M · 613 accts · $198K emplr
2022$10.8M · 679 accts · $133K emplr
Administrative expenses, itemized · 2022
Investment management$50,007
Total administrative$50,007
Employer contributions to the Winston-Salem Industries for the Blind, Inc. plan · 2022
Employer contribution per active participant$255
Median for plans this size$2,266
2024$1,277 per active participant
2023$482 per active participant
2022$255 per active participant

Winston-Salem Industries for the Blind, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$81,123 · 0.86%
2023$76,154 · 0.76%
2022$50,007 · 0.40%
Same employer
Similar plansRetail Trade · North Carolina
Direct Distributors, Inc. NC$11.9M · 0.79%
Boone Drugs, Inc. NC$11.2M · 0.08%
Entrust Global Group LLC NC$10.2M · 1.14%
Weaver Street Market NC$9.6M · 0.18%
Old Salem, Inc. NC$9.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 566001467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.