Plan Ledger DOL Form 5500 · updated monthly

Wsm Industries401(k)

WSM INDUSTRIES PROFIT SHARING 401(K) PLAN · WICHITA, KS · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Wsm Industries reported $71,524 in plan administrative expenses for 2023: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,964 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 rose from 0.21% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 334th-largest of 828 plans among Kansas employers on file, and 2,124th of 4,246 in wholesale trade. In 2023, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,410,088
Participants with balances298
Active participants199
Employer contributions$788,893
Employee contributions$1,008,409
Employer contribution per active participant$3,964
Average account balance$58,423
Benefits paid to participants$1,316,177
Plan auditUnmodified (clean) audit opinion
AuditorKOCH SIEDHOFF HAND & DUNN
Plan history2
Yearassets · accounts · employer contribution
2023$17.4M · 298 accts · $789K emplr
2022$15.0M · 295 accts · $894K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$33,844
Investment management$37,680
Total administrative$71,524
The Wsm Industries 401(k) match · 2023
Employer contribution per active participant$3,964
Median for plans this size$2,440
2023$3,964 per active participant
2022$4,514 per active participant

Wsm Industries's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ASCENSUS LLC · Loan processing · Recordkeeping$33,844
UBS FINANCIAL SERVICES INC. · Investment advisory (plan)$37,680

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

Administrative cost history2
2023$71,524 · 0.44%
2022$31,740 · 0.21%
Same employer
Similar plansWholesale Trade · Kansas
Hampel Enterprises, Inc. KS$18.9M · 0.71%
Wsm Industries KS$18.0M · 0.26%
C&C Sales, Inc. KS$16.6M · 0.60%
Tompkins Industries, Inc. KS$14.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480547356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.