De Wafelbakkers, LLC 401(k) Review & Grade
De Wafelbakkers 401(k) Profit Sharing Plan and Trust
North Little Rock, ARManufacturing516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$708Employer $ per active participant
$1,207Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$7.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.2 / 5010th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 24th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- De Wafelbakkers put in about $708 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.49% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $365,074 |
| Participant (employee) contributions | $622,044 |
| Other contributions (incl. rollovers in) | $34,621 |
| Administrative expenses paid from the plan | $32,824 |
| Investment advisory & management fees | $18,080 |
| Benefits paid out | $648,260 |
| Net assets, start / end of year | $6.1M / $7.2M |
| Active participants, start / end of year | 483 / 548 |
| Participants with account balances | 195 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown Rogers & Co LLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $18,000 reported compensation |
| Empower Annuity Ins Co of America | $13,889 reported compensation |
| Jpmorgan Invest Holdings LLC | $855 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001152319NAL0017993731001, received 2025-10-01, EIN 26-1812271, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.