Plan Ledger DOL Form 5500 · updated monthly

Wipaire Inc.401(k)

WIPAIRE INC. PROFIT SHARING PLAN · SOUTH ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Wipaire Inc. reported $94,348 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,176 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 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 822nd-largest of 1,918 plans among Minnesota employers on file, and the 5,410th of 13,661 in manufacturing. In 2024, employees put in $2.51 for every $1.00 the employer contributed; active participation has grown from 190 to 215 since 2022.

Plan summary
Net assets, end of year$23,085,815
Participants with balances261
Active participants215
Employer contributions$682,813
Employee contributions$1,716,606
Employer contribution per active participant$3,176
Average account balance$88,451
Benefits paid to participants$1,510,058
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 261 accts · $683K emplr
2023$19.4M · 257 accts · $705K emplr
2022$16.1M · 227 accts · $468K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,393
Investment management$53,955
Total administrative$94,348
The Wipaire Inc. 401(k) match · 2024
Employer contribution per active participant$3,176
Median for plans this size$2,416
2024$3,176 per active participant
2023$3,328 per active participant
2022$2,462 per active participant

Wipaire 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
ONEAMERICA RETIREMENT SERVICES LLC · Recordkeeping · Loan processing$40,393
GLOBAL RETIREMENT PARTNERS, LLC · Consulting$53,955
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect 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
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$94,348 · 0.44%
2023$91,115 · 0.51%
2022$79,744 · 0.45%
Same employer
Similar plansManufacturing · Minnesota
Scanlan International Inc. MN$23.5M · 0.44%
Nystrom, Incorportated MN$23.3M · 0.25%
Atek Companies, Inc. MN$23.2M · 0.41%
Gls Companies MN$23.0M · 0.06%
Dri-Steem Corporation MN$22.4M · 0.06%
Sportech, LLC MN$22.4M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411240896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.