Wovenware Inc.Profit-sharing plan
WOVENWARE RETIREMENT PLAN · GUAYNABO, PR · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Wovenware Inc. reported $500 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,004 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 1 year on file its reported administrative ratio fell from 0.04% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in PR (202nd of 323), and 10,218th of 11,654 in professional & technical services. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 151 to 246 since 2022.
Wovenware Inc.'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 660621831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.