Plan Ledger DOL Form 5500 · updated monthly

Wright Implement 1, LLC401(k)

WRIGHT IMPLEMENT RETIREMENT SAVINGS PLAN · OWENSBRORO, KY · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Wright Implement 1, LLC reported $63,880 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,444 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 0.47% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 338th-largest of 871 plans among Kentucky employers on file, and the 6,599th of 13,661 in manufacturing. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,884,151
Participants with balances271
Active participants276
Employer contributions$674,664
Employee contributions$1,287,563
Employer contribution per active participant$2,444
Average account balance$62,303
Benefits paid to participants$795,383
Plan auditUnmodified (clean) audit opinion
AuditorHARDING SHYMANSKI & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 271 accts · $675K emplr
2023$13.3M · 239 accts · $622K emplr
2022$10.4M · 231 accts · $556K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,505
Investment management$35,375
Total administrative$63,880
The Wright Implement 1, LLC 401(k) match · 2024
Employer contribution per active participant$2,444
Median for plans this size$2,416
2024$2,444 per active participant
2023$2,189 per active participant
2022$2,105 per active participant

Wright Implement 1, LLC's 2024 employer contribution ran above 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 · 20243
LPL FINANCIAL CORPORATION RPCP · Recordkeeping · Trustee$35,375
ADP, INC. · Recordkeeping$28,505
ADP BROKER-DEALERindirect comp

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, LPL Financial
2023ADP, LPL Financial

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$63,880 · 0.42%
2023$53,831 · 0.45%
2022$53,430 · 0.47%
Same employer
Similar plansManufacturing · Kentucky
Cc Metals and Alloys, LLC KY$17.3M · 0.04%
Virtus Precision Tube LLC KY$17.2M · 0.07%
Enovapremier, LLC KY$17.2M · 0.59%
Pds Consultants, Inc. KY$16.9M · 0.66%
T.Rad North America, Inc. KY$16.5M · 0.78%
Derby Industries, LLC KY$16.3M · 0.12%
Algood Food Company KY$16.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204423051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.