Plan Ledger DOL Form 5500 · updated monthly

Wire Experts Group, Inc.ESOP

WIRE EXPERTS GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · NAPLES, FL · plan year 2022

Reported admin expense ratio · 2022
0.00%

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

Wire Experts Group, Inc. reported $70 in plan administrative expenses for 2022: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,174 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 0.000% to 0.001%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,019th-largest of 3,644 plans among Florida employers on file, and the 5,439th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$22,865,316
Participants with balances203
Active participants112
Employer contributions$1,363,536
Employee contributions—
Employer contribution per active participant$12,174
Average account balance$112,637
Benefits paid to participants$1,183,595
Plan auditUnmodified (clean) audit opinion
AuditorHUGHES, SNELL & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 220 accts · $1.1M emplr
2023$14.9M · 225 accts · $1.1M emplr
2022$22.9M · 203 accts · $1.4M emplr
Employer contributions to the Wire Experts Group, Inc. plan · 2022
Employer contribution per active participant$12,174
Median for plans this size$2,266
2024$12,428 per active participant
2023$8,913 per active participant
2022$12,174 per active participant

Wire Experts Group, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$158 · 0.00%
2023$70 · 0.00%
2022$70 · 0.00%
All plans at this employer2
WIRE EXPERTS GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
WIRE EXPERTS GROUP, INC. 401(K) PLAN401(k)
Same employer
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Gencor Industries, Inc. FL$23.3M · 0.04%
J.C. Newman Cigar Company FL$23.3M · 0.59%
Orthomerica Products, Inc. FL$23.1M · 0.49%
B & M Precision, Inc. FL$23.1M · 0.40%
Gws Holdings FL$22.2M · 0.51%
Perez Trading Company, Inc. FL$20.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362912867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.