Plan Ledger DOL Form 5500 · updated monthly

Worley Warehousing, Inc.401(k)

WORLEY 401(K) PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Worley Warehousing, Inc. reported $42,491 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,895 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 0.62% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Iowa (518th of 878), and the 901st of 2,096 in real estate & leasing. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has shrunk from 173 to 140 since 2022.

Plan summary
Net assets, end of year$13,678,072
Participants with balances170
Active participants140
Employer contributions$265,266
Employee contributions$448,784
Employer contribution per active participant$1,895
Average account balance$80,459
Benefits paid to participants$496,644
Plan auditUnmodified (clean) audit opinion
AuditorHONKAMP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 170 accts · $265K emplr
2023$12.5M · 165 accts · $274K emplr
2022$10.6M · 157 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,491
Total administrative$42,491
The Worley Warehousing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,895
Median for plans this size$2,416
2024$1,895 per active participant
2023$1,748 per active participant
2022$1,577 per active participant

Worley Warehousing, Inc.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,491
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS 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$42,491 · 0.32%
2023$53,775 · 0.47%
2022$64,527 · 0.62%
Same employer
Similar plansReal Estate & Leasing · Iowa
Hubbell Realty Company IA$34.8M · 0.46%
R&R Invest, Inc. IA$31.1M · 0.22%
Duke Aerial, Inc. IA$20.8M · 0.39%
Alpha Operations, LLC IA$459K · 7.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421103477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.