Plan Ledger DOL Form 5500 · updated monthly

Wireless Experience Group, Inc.401(k)

WIRELESS EXPERIENCE GROUP, INC. 401(K)/PROFIT SHARING PLAN · MANAHAWKIN, NJ · plan year 2023

Reported admin expense ratio · 2023
0.95%

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

Wireless Experience Group, Inc. reported $40,209 in plan administrative expenses for 2023: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,320 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 1 year on file its reported administrative ratio rose from 0.31% to 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (1,947th of 2,419), and 3,965th of 5,215 in retail trade. In 2023, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,294,143
Participants with balances85
Active participants78
Employer contributions$180,980
Employee contributions$272,654
Employer contribution per active participant$2,320
Average account balance$50,519
Benefits paid to participants$1,085,561
Plan auditUnmodified (clean) audit opinion
AuditorLEAR AND PANNEPACKER
Plan history2
Yearassets · accounts · employer contribution
2023$4.3M · 85 accts · $181K emplr
2022$4.2M · 149 accts · $239K emplr
Administrative expenses, itemized · 2023
Investment management$40,209
Total administrative$40,209
The Wireless Experience Group, Inc. 401(k) match · 2023
Employer contribution per active participant$2,320
Median for plans this size$1,308
2023$2,320 per active participant
2022$893 per active participant

Wireless Experience Group, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
ROBIN S. WEINGAST & ASSOCIATES, INC · Contract administrator$12,458
PAYROLL INTEGRATIONS INC$4,980
EMPOWER ADVISORY GROUP, LLC · Investment management$4,408
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)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 history2
2023$40,209 · 0.95%
2022$16,768 · 0.31%
Same employer
Similar plansRetail Trade · New Jersey
F.C. Kerbeck & Sons NJ$4.8M · 0.35%
Scentbird Inc NJ$4.2M · 0.35%
Riggins, Inc. NJ$3.7M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454166124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.