Wagner Equipment Co. 401(k) Review & Grade
Wagner Equipment Co. Retirement Savings Plan
Aurora, COWholesale Trade1,657 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,877Employer $ per active participant
$8,454Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$279.4MNet plan assets, end of year
$130,571Average balance per account
Score breakdown
- Employer generosity47.3 / 5095th percentile for employer $ per participant
- Low cost22.4 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 89th |
| Employee saving | 89th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Wagner Equipment put in about $6,877 per active participant, more than the typical peer ($1,792). 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.
- 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 | $11,395,600 |
| Participant (employee) contributions | $14,007,973 |
| Other contributions (incl. rollovers in) | $1,153,619 |
| Administrative expenses paid from the plan | $114,703 |
| Contract administrator fees | $114,703 |
| Benefits paid out | $26,972,741 |
| Net assets, start / end of year | $250.2M / $279.4M |
| Active participants, start / end of year | 1,581 / 1,733 |
| Participants with account balances | 2,140 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $114,702 reported compensation |
| Global Retirement Partners, LLC, a | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826090449NAL0008347121001, received 2025-08-26, EIN 84-0703569, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.