Instant Web, LLC 401(k) Review & Grade
Iwco Retirement Savings Plan
Chanhassen, MNManufacturing1,099 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,730Employer $ per active participant
$5,456Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$117.7MNet plan assets, end of year
$66,669Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 63th |
| Employee saving | 58th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,127 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Instant Web put in about $1,730 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.
- 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 | $1,901,098 |
| Participant (employee) contributions | $5,996,240 |
| Other contributions (incl. rollovers in) | $204,319 |
| Administrative expenses paid from the plan | $174,325 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $16,975,948 |
| Net assets, start / end of year | $111.4M / $117.7M |
| Active participants, start / end of year | 1,006 / 1,192 |
| Participants with account balances | 1,766 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,325 reported compensation |
| Kestra Investment Services LLC | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013170451NAL0001751873001, received 2025-10-13, EIN 46-5132128, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.