The Wallick Companies, LLC 401(k) Review & Grade
The Wallick Companies 401(k) Retirement Savings Plan
New Albany, OHReal Estate & Rental815 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,508Employer $ per active participant
$2,829Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$23.4MNet plan assets, end of year
$18,259Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 21th |
| Employee saving | 39th |
| Peers that auto-enroll | 47% |
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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
- Wallick Companies put in about $1,508 per active participant, more than the typical peer ($1,279). 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.
- Direct plan expenses (0.53% 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.
- 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 | $1,229,006 |
| Participant (employee) contributions | $2,305,999 |
| Other contributions (incl. rollovers in) | $159,522 |
| Administrative expenses paid from the plan | $117,977 |
| Investment advisory & management fees | $37,893 |
| Benefits paid out | $4,205,691 |
| Net assets, start / end of year | $21.4M / $23.4M |
| Active participants, start / end of year | 858 / 772 |
| Participants with account balances | 1,279 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark, Schaefer, Hackett & Co. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $102,361 reported compensation |
| Highland Consulting Associates Inc | $30,000 reported compensation |
| PW Partners LLC | $9,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141203NAL0004790145001, received 2025-10-15, EIN 87-0796046, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.