Plan Ledger DOL Form 5500 · updated monthly

Workwear Outfitters, LLC401(k)

WORKWEAR OUTFITTERS 401K SAVINGS PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Workwear Outfitters, LLC reported $158,651 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $3,604 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 0.22% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 180th-largest of 1,496 plans among Tennessee employers on file, and the 2,044th of 13,661 in manufacturing. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$90,321,458
Participants with balances1,255
Active participants1,234
Employer contributions$4,447,181
Employee contributions$6,694,732
Employer contribution per active participant$3,604
Average account balance$71,969
Benefits paid to participants$9,057,871
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$90.3M · 1,255 accts · $4.4M emplr
2023$76.6M · 1,280 accts · $4.1M emplr
2022$55.0M · 1,152 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,405
Investment management$13,831
Audit (IQPA)$13,415
Total administrative$158,651
The Workwear Outfitters, LLC 401(k) match · 2024
Employer contribution per active participant$3,604
Median for plans this size$3,635
2024$3,604 per active participant
2023$3,270 per active participant
2022$3,040 per active participant

Workwear Outfitters, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$131,410
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,831
CLIFTONLARSONALLEN LLP · Accounting / audit$13,415

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$158,651 · 0.19%
2023$155,679 · 0.24%
2022$126,036 · 0.22%
Same employer
Similar plansManufacturing · Tennessee
Carlex Glass America, LLC TN$102.1M · 0.26%
Deroyal Industries, Inc. TN$101.4M · 0.03%
Resource Label Group LLC TN$98.7M · 0.34%
Granges Americas Inc. TN$97.9M · 0.31%
Permobil, Inc TN$82.9M · 0.25%
Stratas Foods LLC TN$82.8M · 0.23%
Franke USA Holding Inc. TN$82.1M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621517281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.