Woodruff & Sons Inc.401(k)
WOODRUFF & SONS INC. 401K/PROFIT SHARING RETIREMENT PLAN · BRADENTON, FL · plan year 2023
Woodruff & Sons Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $12,032,036 across 154 participant accounts, with employer contributions averaging $1,458 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,584th-largest of 3,644 plans among Florida employers on file, and 2,807th of 5,337 in construction. In 2023, the employer put in $1.45 for every $1.00 employees contributed themselves.
Woodruff & Sons Inc.'s 2023 employer contribution ran below the $2,440 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 351058916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.