Advanced Web Technologies, Inc. 401(k) Review & Grade
Advanced Web Technologies, Inc. 401(k) Plan
Minneapolis, MNProfessional, Scientific & Technical Services503 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,345Employer $ per active participant
$4,585Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$32.2MNet plan assets, end of year
$94,183Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 44th |
| Employee saving | 24th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,585 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Advanced Web Technologies put in about $1,345 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $676,588 |
| Participant (employee) contributions | $2,306,290 |
| Other contributions (incl. rollovers in) | $670,575 |
| Administrative expenses paid from the plan | $82,440 |
| Investment advisory & management fees | $30,323 |
| Benefits paid out | $2,435,011 |
| Net assets, start / end of year | $27.4M / $32.2M |
| Active participants, start / end of year | 464 / 542 |
| Participants with account balances | 342 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $52,117 reported compensation |
| Christensen Group Financial LLC | $25,000 reported compensation |
| Strategic Advisors, Inc. | $5,323 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008095858NAL0005668465001, received 2025-10-08, EIN 47-4113525, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.