Jeld-Wen Holding, Inc. 401(k) Review & Grade
Jeld-Wen 401(k) Retirement Savings Plan
Charlotte, NCManufacturing9,222 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,384Employer $ per active participant
$4,397Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$517.6MNet plan assets, end of year
$39,491Average balance per account
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 38th |
| Employee saving | 29th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $37,700 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jeld-Wen Holding put in about $2,384 per active participant, below the typical peer ($3,452). 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 (0.18% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $21,990,613 |
| Participant (employee) contributions | $40,551,938 |
| Other contributions (incl. rollovers in) | $3,973,816 |
| Administrative expenses paid from the plan | $897,632 |
| Contract administrator fees | $4,400 |
| Investment advisory & management fees | $143,750 |
| Other admin expenses | $2,313 |
| Benefits paid out | $72,060,455 |
| Net assets, start / end of year | $461.5M / $517.6M |
| Active participants, start / end of year | 9,625 / 8,820 |
| Participants with account balances | 13,106 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Jones & Roth PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $525,820 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $143,750 reported compensation |
| Jones & Roth, PC | $20,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014121758NAL0001335011001, received 2025-10-14, EIN 93-1273278, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.