Warehouse Services, Inc. 401(k) Review & Grade
Warehouse Services, Inc. Profit Sharing Plan
Vernon, INTransportation & Warehousing2,982 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,678Employer $ per active participant
$1,843Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$123.0MNet plan assets, end of year
$29,110Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 81th |
| Employee saving | 18th |
| Peers that auto-enroll | 46% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $137,655 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Warehouse Services put in about $2,678 per active participant, more than the typical peer ($1,834). 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 | $7,983,958 |
| Participant (employee) contributions | $5,495,861 |
| Other contributions (incl. rollovers in) | $105,635 |
| Administrative expenses paid from the plan | $51,665 |
| Benefits paid out | $9,906,610 |
| Net assets, start / end of year | $107.8M / $123.0M |
| Active participants, start / end of year | 2,833 / 3,130 |
| Participants with account balances | 4,224 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $50,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010100539NAL0012284240001, received 2025-10-10, EIN 57-0830863, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.