Vector WP Midco, Inc. DBA Wood Technologies International 401(k) Review & Grade
Wood Technologies International 401(k) Plan
Woodland, WAManufacturing1,020 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,063Employer $ per active participant
$6,352Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$122.2MNet plan assets, end of year
$78,201Average balance per account
Score breakdown
- Employer generosity32.1 / 5064th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 41th |
| Employee saving | 68th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($56,962 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Vector WP Midco, Inc. DBA Wood Technologies International put in about $3,063 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.
- 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 | $3,123,946 |
| Participant (employee) contributions | $6,479,387 |
| Other contributions (incl. rollovers in) | $352,858 |
| Administrative expenses paid from the plan | $232,455 |
| Contract administrator fees | $37,932 |
| Investment advisory & management fees | $83,292 |
| Benefits paid out | $11,127,550 |
| Net assets, start / end of year | $33.5M / $122.2M |
| Active participants, start / end of year | 945 / 1,095 |
| Participants with account balances | 1,563 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $99,394 reported compensation |
| Mma Securities LLC | $72,979 reported compensation |
| Compass 360, LLC | $37,932 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090035NAL0004134257001, received 2025-10-15, EIN 87-2823783, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.