Plan Ledger DOL Form 5500 · updated monthly

World Class Technology Corporation401(k)

WORLD CLASS TECHNOLOGY 401(K) PLAN · MCMINNVILLE, OR · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

World Class Technology Corporation reported $44,500 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,232 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 1.07% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (755th of 1,021), and 11,200th of 13,661 in manufacturing. In 2024, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,999,202
Participants with balances192
Active participants184
Employer contributions$226,611
Employee contributions$683,308
Employer contribution per active participant$1,232
Average account balance$26,038
Benefits paid to participants$408,051
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 192 accts · $227K emplr
2023$4.1M · 187 accts · $193K emplr
2022$2.7M · 170 accts · $158K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,500
Total administrative$44,500
The World Class Technology Corporation 401(k) match · 2024
Employer contribution per active participant$1,232
Median for plans this size$1,313
2024$1,232 per active participant
2023$1,085 per active participant
2022$940 per active participant

World Class Technology Corporation's 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,500
HAUSER RETIREMENT SOLUTIONS 2 LLC · Investment advisory (plan)indirect 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$44,500 · 0.98%
2023$38,110 · 1.13%
2022$29,400 · 1.07%
Same employer
Similar plansManufacturing · Oregon
Tz Medical Inc OR$5.4M · 0.76%
Northwest Uld, Inc. OR$4.9M · 0.03%
Ws Acquisition LLC OR$4.8M · 0.59%
Portland Bottling Company OR$4.7M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330479276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.