Warren Equipment Company 401(k) Review & Grade
Warren Equipment Company 401(k) Retirement and Savings Plan
Midland, TXManagement of Companies2,326 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,349Employer $ per active participant
$5,862Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$238.6MNet plan assets, end of year
$79,401Average balance per account
Score breakdown
- Employer generosity35.1 / 5070th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 59th |
| Employee saving | 52th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $431 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Warren Equipment put in about $4,349 per active participant, more than the typical peer ($2,492). 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 | $10,115,654 |
| Participant (employee) contributions | $13,634,076 |
| Other contributions (incl. rollovers in) | $1,035,383 |
| Administrative expenses paid from the plan | $387,527 |
| Investment advisory & management fees | $84,607 |
| Other admin expenses | $11,580 |
| Benefits paid out | $20,027,322 |
| Net assets, start / end of year | $207.9M / $238.6M |
| Active participants, start / end of year | 2,280 / 2,372 |
| Participants with account balances | 3,005 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Bokf, N.A. | $313,461 reported compensation |
| Cook Street Consulting, Inc. | $84,607 reported compensation |
| Whitley Penn LLP | $3,605 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008133045NAL0005915201001, received 2025-10-08, EIN 75-2351267, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.