Plan Ledger DOL Form 5500 · updated monthly

Wright Brothers, Inc.401(k)

WRIGHT BROTHERS, INC. RETIREMENT PLAN · BEAVER FALLS, PA · plan year 2023

Reported admin expense ratio · 2023
1.60%

Wright Brothers, Inc. reported $5,971 in plan administrative expenses for 2023: 1.60% of average plan assets, above the peer median. 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 5.71% to 1.60%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Pennsylvania (3,582nd of 3,651), and 5,237th of 5,337 in construction. active participation has grown from 1,760 to 2,009 since 2022.

Plan summary
Net assets, end of year$422,484
Participants with balances111
Active participants2,009
Employer contributions—
Employee contributions$110,363
Employer contribution per active participant—
Average account balance$3,806
Benefits paid to participants$53,533
Plan auditUnmodified (clean) audit opinion
AuditorLOUIS ZONA CPA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$422K · 111 accts
2022$322K · 92 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,971
Total administrative$5,971
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 · 20231
ASCENSUS LLC · Recordkeeping$5,971

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

Administrative cost history3
2024Not separately reported
2023$5,971 · 1.60%
2022$19,114 · 5.71%
Same employer
Similar plansConstruction · Pennsylvania
Burkentine Builders PA$507K · 1.12%
F.W. Walton, Inc TX$445K · 1.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251878714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.