Wabash National Corp. 401(k) Review & Grade
Wabash National Corp. 401k Plan
Lafayette, INManufacturing5,966 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,215Employer $ per active participant
$2,367Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$311.7MNet plan assets, end of year
$83,802Average balance per account
Score breakdown
- Employer generosity7.1 / 5014th percentile for employer $ per participant
- Low cost10.6 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 43th |
| Employee saving | 10th |
| Peers that auto-enroll | 70% |
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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
- Wabash National put in about $1,215 per active participant, below the typical peer ($3,452). 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 | $7,248,901 |
| Participant (employee) contributions | $14,118,142 |
| Other contributions (incl. rollovers in) | $1,616,891 |
| Administrative expenses paid from the plan | $465,536 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $165,051 |
| Other admin expenses | $75,935 |
| Benefits paid out | $41,824,753 |
| Net assets, start / end of year | $289.7M / $311.7M |
| Active participants, start / end of year | 5,960 / 5,971 |
| Participants with account balances | 3,720 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $224,650 reported compensation |
| Strategic Advisors, Inc. | $165,051 reported compensation |
| Sage View Advisory Group LLC | $75,935 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903121531NAL0009062515001, received 2025-09-03, EIN 52-1375208, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.