Plan Ledger DOL Form 5500 · updated monthly

World Wide Movers, Inc.401(k)

THE 401(K) PROFIT SHARING PLAN AND TRUST OF WORLD WIDE MOVERS, INC. · LYNNWOOD, WA · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

World Wide Movers, Inc. reported $72,386 in plan administrative expenses for 2023: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,337 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 rose from 0.68% to 0.90%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Washington (943rd of 1,714), and the 1,000th of 2,677 in transportation & warehousing. In 2023, the employer put in $2.87 for every $1.00 employees contributed themselves; active participation has shrunk from 109 to 92 since 2022.

Plan summary
Net assets, end of year$12,643,248
Participants with balances153
Active participants92
Employer contributions$215,000
Employee contributions$75,033
Employer contribution per active participant$2,337
Average account balance$82,636
Benefits paid to participants$1,734,279
Plan auditUnmodified (clean) audit opinion
AuditorSABEY CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 171 accts · $200K emplr
2023$12.6M · 153 accts · $215K emplr
2022$12.4M · 160 accts · $300K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,823
Investment management$40,637
Total administrative$72,386
The World Wide Movers, Inc. 401(k) match · 2023
Employer contribution per active participant$2,337
Median for plans this size$2,440
2024$1,754 per active participant
2023$2,337 per active participant
2022$2,752 per active participant

World Wide Movers, 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NWPS · Recordkeeping$26,823
PATHSTONE ADVISORS INC. · Investment advisory (participants) · Investment advisory (plan)$40,637
CHARLES SCHWAB TRUST CO · Custodial$4,926

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024NWPS
2023NWPS

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Administrative cost history3
2024$103,950 · 0.90%
2023$72,386 · 0.58%
2022$95,065 · 0.68%
Similar plansTransportation & Warehousing · Washington
Trans-System, Inc. WA$21.9M · 0.32%
Abc Legal Holdings, LLC. WA$17.9M · 0.45%
McGee Air Services, Inc. WA$10.1M · 0.24%
Eagle Systems, Inc. WA$10.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920031485 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.