W.H. Braum, Inc. 401(k) Review & Grade
W.H. Braum, Inc. Profit Sharing Plus Plan
Oklahoma City, OKRetail Trade3,524 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$296Employer $ per active participant
$754Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$55.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.3 / 5023th percentile for employer $ per participant
- Low cost14.1 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 57th |
| Employee saving | 12th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- W.H. Braum put in about $296 per active participant, below the typical peer ($650). 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 | $1,043,080 |
| Participant (employee) contributions | $2,656,946 |
| Other contributions (incl. rollovers in) | $64,467 |
| Administrative expenses paid from the plan | $55,757 |
| Other admin expenses | $40,000 |
| Benefits paid out | $9,362,227 |
| Net assets, start / end of year | $53.4M / $55.2M |
| Active participants, start / end of year | 4,268 / 2,780 |
| Participants with account balances | 778 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | CPA Okc, LLC |
Largest service providers (Schedule C)
| Bank of Oklahoma | $40,000 reported compensation |
| Fidelity Investments Institutional | $15,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110301NAL0002184659001, received 2025-10-15, EIN 30-0288982, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.