The Wrench Group 401(k) Review & Grade
The Wrench Group Retirement Plan
Marietta, GAConstruction6,912 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$597Employer $ per active participant
$3,336Employee $ saved per active participant
1.17%Direct admin cost, % of plan assets
$137.1MNet plan assets, end of year
$19,737Average balance per account
Score breakdown
- Employer generosity8.7 / 5017th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 3th |
| Employee saving | 33th |
| Peers that auto-enroll | 57% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($550,756 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $151,133 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wrench Group put in about $597 per active participant, below the typical peer ($1,965). 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 (1.17% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,129,544 |
| Participant (employee) contributions | $23,063,154 |
| Other contributions (incl. rollovers in) | $3,535,780 |
| Administrative expenses paid from the plan | $1,451,875 |
| Contract administrator fees | $317,055 |
| Investment advisory & management fees | $484,001 |
| Benefits paid out | $18,129,685 |
| Net assets, start / end of year | $111.0M / $137.1M |
| Active participants, start / end of year | 7,120 / 6,705 |
| Participants with account balances | 6,946 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Seay & Wessinger, LLC |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $419,448 reported compensation |
| Erisa Services, Inc. | $290,675 reported compensation |
| Marietta Wealth Management | $172,315 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009105831NAL0003511699001, received 2025-10-09, EIN 81-1553691, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.