Plan Ledger DOL Form 5500 · updated monthly

Wmf, Inc. dba Washington Metal Fabricators401(k)

WMF, INC. PROFIT SHARING PLAN · WASHINGTON, MO · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Wmf, Inc. dba Washington Metal Fabricators reported $9,527 in plan administrative expenses for 2023: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $403 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 0.32% to 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Missouri (985th of 1,393), and 10,205th of 13,661 in manufacturing. In 2023, employees put in $7.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,945,655
Participants with balances130
Active participants93
Employer contributions$37,433
Employee contributions$274,723
Employer contribution per active participant$403
Average account balance$53,428
Benefits paid to participants$190,832
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 122 accts · $100K emplr
2023$6.9M · 130 accts · $37K emplr
2022$5.8M · 126 accts · $37K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,527
Total administrative$9,527
The Wmf, Inc. dba Washington Metal Fabricators 401(k) match · 2023
Employer contribution per active participant$403
Median for plans this size$1,308
2024$851 per active participant
2023$403 per active participant
2022$389 per active participant

Wmf, Inc. dba Washington Metal Fabricators's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MASTER BENEFIT GROUP, INC. · Other services$5,612
CAPITAL RESEARCH AND MANAGEMENT CO.$3,915
LPL FINANCIAL · Investment advisory (participants) · 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 history3
2024$30,383 · 0.62%
2023$9,527 · 0.15%
2022$20,137 · 0.32%
Same employer
Similar plansManufacturing · Missouri
Reyco Granning, LLC MO$7.1M · 0.42%
Schattdecor Inc. MO$6.8M · 0.66%
Western Forms, Inc. MO$6.5M · 0.53%
Cap America, Inc. MO$6.4M · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431421970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.