Plan Ledger DOL Form 5500 · updated monthly

Workforce Solutions, LLC401(k)

WORKFORCE SOLUTIONS, LLC 401(K) PLAN · BARABOO, WI · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Workforce Solutions, LLC reported $95,568 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,319 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 1.06% to 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Wisconsin (1,025th of 1,936), and 6,461st of 11,654 in professional & technical services. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 188 to 247 since 2022.

Plan summary
Net assets, end of year$15,481,132
Participants with balances244
Active participants247
Employer contributions$572,797
Employee contributions$1,346,919
Employer contribution per active participant$2,319
Average account balance$63,447
Benefits paid to participants$1,118,245
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT, ROBINSON AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 244 accts · $573K emplr
2023$12.7M · 208 accts · $519K emplr
2022$9.7M · 203 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,576
Investment management$53,992
Total administrative$95,568
The Workforce Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$2,319
Median for plans this size$2,416
2024$2,319 per active participant
2023$2,402 per active participant
2022$2,296 per active participant

Workforce Solutions, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
MBE WEALTH MANAGEMENT LLC · Investment advisory (plan)$40,022
PREMIER RETIREMENT PARTNERS LLC · Contract administrator$9,361
EMPOWER ADVISORY GROUP, LLC · Investment management$7,299
LEAFHOUSE FINANCIAL ADVISORS · Investment advisory (plan)$6,671

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$95,568 · 0.68%
2023$112,711 · 1.01%
2022$108,590 · 1.06%
Same employer
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Cherry Optical, Inc. WI$15.8M · 0.07%
Education Analytics WI$15.6M · 0.47%
Acolad, Inc. WI$15.2M · 0.39%
Naturescape WI$14.8M · 0.44%
Ramaker & Associates, Inc. WI$14.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810823242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.