Plan Ledger DOL Form 5500 · updated monthly

Wolverine World Wide, Inc.401(k)

WOLVERINE WORLD WIDE, INC. 401(K) RETIREMENT SAVINGS PLAN I · ROCKFORD, MI · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

Wolverine World Wide, Inc. reported $607,718 in plan administrative expenses for 2023: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,278 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 0.305%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 149th-largest of 2,619 plans among Michigan employers on file, and the 1,156th of 13,661 in manufacturing. In 2023, employees put in $2.28 for every $1.00 the employer contributed; active participation has shrunk from 1,353 to 1,108 since 2022.

Plan summary
Net assets, end of year$201,963,261
Participants with balances1,740
Active participants1,108
Employer contributions$4,739,481
Employee contributions$10,790,778
Employer contribution per active participant$4,278
Average account balance$116,071
Benefits paid to participants$26,325,373
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$200.1M · 1,501 accts · $3.7M emplr
2023$202.0M · 1,740 accts · $4.7M emplr
2022$183.9M · 1,865 accts · $5.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$422,385
Investment management$185,333
Total administrative$607,718
The Wolverine World Wide, Inc. 401(k) match · 2023
Employer contribution per active participant$4,278
Median for plans this size$3,659
2024$3,418 per active participant
2023$4,278 per active participant
2022$4,052 per active participant

Wolverine World Wide, Inc.'s 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRUDENTIAL RET INS & ANNUITY CO · Accounting / audit · Recordkeeping$466,478
STIFEL NICHOLAS & COMPANY · Investment advisory (plan)$141,240

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower, Prudential
2023Prudential

This plan has changed recordkeepers within these filings. If you left Wolverine World Wide, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$612,787 · 0.30%
2023$607,718 · 0.31%
2022$599,587 · 0.30%
All plans at this employer2
WOLVERINE WORLD WIDE, INC. 401(K) RETIREMENT SAVINGS PLAN I401(k)
WOLVERINE WORLD WIDE INC. 401(K) RETIREMENT SAVINGS PLAN II401(k)
Same employer
Similar plansManufacturing · Michigan
Dawn Foods, Inc. MI$224.8M · 0.12%
Hutchinson Fms, Inc. MI$213.5M · 0.09%
L & L Products, Inc. MI$205.4M · 0.10%
Shape Corp Biosolutions, LLC MI$180.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381185150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.