Plan Ledger DOL Form 5500 · updated monthly

Wood Mechanix Holding Company401(k)

WOOD MECHANIX HOLDING CO., LLC 401(K) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Wood Mechanix Holding Company reported $40,733 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $22,935 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 0.58% to 0.42%. 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 Oregon (563rd of 1,021), and 3,102nd of 5,337 in construction. In 2024, the employer put in $13.45 for every $1.00 employees contributed themselves; active participation has shrunk from 231 to 83 since 2022.

Plan summary
Net assets, end of year$9,950,090
Participants with balances235
Active participants83
Employer contributions$1,903,595
Employee contributions$141,541
Employer contribution per active participant$22,935
Average account balance$42,341
Benefits paid to participants$2,214,539
Plan auditUnmodified (clean) audit opinion
AuditorCHRIS T. BENNETT
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 235 accts · $1.9M emplr
2023$9.3M · 250 accts · $1.5M emplr
2022$8.0M · 252 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,482
Investment management$7,103
Total administrative$40,733
The Wood Mechanix Holding Company 401(k) match · 2024
Employer contribution per active participant$22,935
Median for plans this size$1,313
2024$22,935 per active participant
2023$8,359 per active participant
2022$9,274 per active participant

Wood Mechanix Holding Company'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 · 20244
FARMER & BETTS · Other services$27,880
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$7,103
M GROUPindirect 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$40,733 · 0.42%
2023$47,590 · 0.55%
2022$46,168 · 0.58%
Similar plansConstruction · Oregon
DG3, Inc. dba Dallas Glass OR$11.7M · 0.40%
A Cut Above Exteriors, Inc. OR$10.1M · 0.28%
Perfect Air Holdco LLC OR$9.3M · 0.55%
Coffman Excavation Inc. OR$8.5M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931046448 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.