Retirement plan

WEX INC. EMPLOYEE SAVINGS PLAN

Name: WEX INC. - WEX INC. EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: WEX INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEX INC. EMPLOYEE SAVINGS PLAN, WEX INC.

WEX INC.EIN 01-0526993Plan #001PY 2024

1 HANCOCK ST - PORTLAND, ME 04101207-773-8171wexinc.comLinkedIn5001-10000 employeescomputer software

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed November 13, 2017 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

97 Darling Avenue

South Portland State: ME Zip Code: 04106

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Plans declared (2)

Wright Express Corporation Executive Deferred Compensation Plan20 emp
WEX Inc. 2017 Executive Deferred Compensation Plan75 emp

Total covered: 95 employees

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Total assets (EOY)

$521.7M

+19.9% from 2023

Total participants

5,901

-6.8% from 2023

Average account balance

$111,785

+17.8% from 2023

Annual return

16.20%

-4.97 pp from 2023

Benchmarks

See 1,216 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,216 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$521.70M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$112K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,667

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

75.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.20%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$57

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$245,947
VERRILL DANA LLP10+ years Service code 70 · EIN 01-0176171	Consulting Fees	$21,930

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$268K

$53 / participant

Recordkeeping$246K91.8%
Other / not subdivided$22K8.2%

% of EOY assets

0.051%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: $21,929
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,785

$99,187+12.7%

$100,398+11.3%

$99,187+12.7%

Participation rate

75.7%

71.7%+4.1pp

81.5%-5.8pp

71.7%+4.1pp

Annual return

16.20%

17.66%-1.5pp

49.32%-33.1pp

17.66%-1.5pp

Employer contribution / active EE

$4,206

$3,262+29.0%

$3,946+6.6%

$3,262+29.0%

Participant deferral / active EE

$6,869

$5,339+28.7%

$8,084-15.0%

$5,339+28.7%

Admin fee / account holder

$57

$109-47.4%

$7,893-99.3%

$109-47.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$245,947

VERRILL DANA LLP10+ years

Service code 70 · EIN 01-0176171

Consulting Fees

$21,930

WEX INC. EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEX INC. EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion