Department of Labor filing

WALTERS WHOLESALE ELECTRIC CO.

WALTERS WHOLESALE ELECTRIC CO. 401 (K) RETIREMENT PLAN · For the plan year ended Mar 31, 2024

Public filing 2023 · received Jan 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

17filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$875

Reported employer contributions per active participant.

Higher than about 18% of comparable plans

#People in the filing

526

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$194 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 14% of comparable plans

↗Investment performance

Not available

Plan assets changed 12.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202317out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions18th percentileTypical peer $1,925 · based on 327 comparable plans

Lower reported administrative expense14th percentileTypical peer $106 · based on 321 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Mar 31, 2024, WALTERS WHOLESALE ELECTRIC CO. reported $460,189 in employer contributions across the plan and 526 active participants. That works out to $875 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy87%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 6.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 5.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context17/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $460,189
Participant contributions: $3,872,553
Other contributions: $166,496
Employer share of reported contributions: 10.6%
Beginning assets: $51,702,213
Ending assets: $57,916,275
Ending net assets: $57,916,275
Ending liabilities: $0
Total income: $12,263,490
Total expenses: $6,049,428
Administrative expenses: $115,587
Participant loans: $969,947

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$821

2023

$875

Plan-paid administrative expenses per participant

2022

$204

2023

$194

Active participants

2022

515

2023

526

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$875	526	57.9M	20250115211352NAL0022351697001
2022	$821	515	51.7M	20240123073929NAL0011720033001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.7%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 952091661-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jun 1, 1990
Industry: Wholesale trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2022	Not reported	unknown

Current plan terms

Help fill the gap the filing leaves.

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Filing ACK_ID20250115211352NAL0022351697001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗