Plan Ledger DOL Form 5500 · updated monthly

Wo Cantey Services, Inc.401(k)

WO CANTEY SERVICES 401(K) PLAN · CAMDEN, SC · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Wo Cantey Services, Inc. reported $23,250 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $2,719 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 fell from 1.55% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in South Carolina (615th of 807), and 4,305th of 5,337 in construction. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has grown from 117 to 129 since 2022.

Plan summary
Net assets, end of year$3,763,548
Participants with balances147
Active participants129
Employer contributions$350,695
Employee contributions$634,955
Employer contribution per active participant$2,719
Average account balance$25,602
Benefits paid to participants$796,879
Plan auditUnmodified (clean) audit opinion
AuditorCANTEY, TILLER, PIERCE, AND GREEN
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 147 accts · $351K emplr
2023$3.0M · 129 accts · $306K emplr
2022$2.1M · 136 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,532
Investment management$4,859
Total administrative$23,250
The Wo Cantey Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,719
Median for plans this size$1,313
2024$2,719 per active participant
2023$2,834 per active participant
2022$2,953 per active participant

Wo Cantey Services, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$13,532
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$9,711

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$23,250 · 0.69%
2023$38,617 · 1.52%
2022$31,379 · 1.55%
Same employer
Similar plansConstruction · South Carolina
Simpson Electric Company SC$4.6M · 0.37%
A.O. Hardee & Son, Inc. SC$4.6M · 0.94%
Cleland Site Prep, Inc. SC$3.1M · 1.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464485837 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.