G&w Electric Company 401(k) Review & Grade
G&w Electric Company Profit Sharing Plan and Trust
Bolingbrook, ILManufacturing1,076 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,126Employer $ per active participant
$6,657Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$150.5MNet plan assets, end of year
$114,008Average balance per account
Score breakdown
- Employer generosity48.9 / 5098th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 89th |
| Employee saving | 70th |
| 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
- G&w Electric put in about $11,126 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $11,977,372 |
| Participant (employee) contributions | $7,166,771 |
| Other contributions (incl. rollovers in) | $1,587,738 |
| Administrative expenses paid from the plan | $62,759 |
| Benefits paid out | $9,951,772 |
| Net assets, start / end of year | $125.0M / $150.5M |
| Active participants, start / end of year | 1,039 / 1,114 |
| Participants with account balances | 1,320 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $62,794 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135538NAL0005051281001, received 2025-10-15, EIN 36-1113440, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.