Plan Ledger DOL Form 5500 · updated monthly

Worldwide Equipment Enterprises401(k)

WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Worldwide Equipment Enterprises reported $144,022 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $661 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 0.13% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 397th-largest of 1,496 plans among Tennessee employers on file, and the 1,300th of 4,246 in wholesale trade. In 2024, employees put in $4.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,572,719
Participants with balances930
Active participants798
Employer contributions$527,101
Employee contributions$2,492,516
Employer contribution per active participant$661
Average account balance$33,949
Benefits paid to participants$2,179,276
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 930 accts · $527K emplr
2023$27.4M · 952 accts · $455K emplr
2022$23.6M · 1,004 accts · $531K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,537
Investment management$59,485
Total administrative$144,022
The Worldwide Equipment Enterprises 401(k) match · 2024
Employer contribution per active participant$661
Median for plans this size$2,416
2024$661 per active participant
2023$546 per active participant
2022$650 per active participant

Worldwide Equipment Enterprises's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
ADP, INC. · Recordkeeping$84,537
MCF ADVISORS · Recordkeeping · Pension consulting$59,485

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

Recordkeeper by year2
2024ADP, MCF ADVISORS
2023ADP, MCF ADVISORS

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Administrative cost history3
2024$144,022 · 0.49%
2023$108,833 · 0.43%
2022$33,301 · 0.13%
All plans at this employer2
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS401(k)
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS401(k)
Same employer
Similar plansWholesale Trade · Tennessee
Lipman Brothers LLC TN$34.3M · 0.62%
Dunavant Enterprises, Inc. TN$28.6M · 0.12%
Ajax Turner Co., Inc. TN$28.2M · 0.61%
The Lilly Company TN$27.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611077939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.