W&w-Afco Steel LLC 401(k) Review & Grade
Hirschfeld Holdings, LP Employee Savings Plan
Oklahoma City, OKManufacturing720 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,774Employer $ per active participant
$3,961Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$39.5MNet plan assets, end of year
$36,529Average balance per account
Score breakdown
- Employer generosity18.6 / 5037th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 39th |
| Employee saving | 36th |
| 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 ($386,712 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
- W&w-Afco Steel put in about $1,774 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,277,393 |
| Participant (employee) contributions | $2,852,119 |
| Other contributions (incl. rollovers in) | $17,395 |
| Administrative expenses paid from the plan | $117,302 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $35,089 |
| Other admin expenses | $164 |
| Benefits paid out | $4,467,757 |
| Net assets, start / end of year | $35.9M / $39.5M |
| Active participants, start / end of year | 702 / 738 |
| Participants with account balances | 1,081 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogan Taylor LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $82,049 reported compensation |
| Fiducient Advisors LLC | $23,016 reported compensation |
| Strategic Advisors, Inc. | $12,073 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014085215NAL0001138707001, received 2025-10-14, EIN 35-2530653, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.