Watkins Associated Industries, Inc. 401(k) Review & Grade
Watkins Associated Industries, Inc. Employees' Incentive Savings Plan
Atlanta, GAManagement of Companies2,320 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,977Employer $ per active participant
$5,493Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$135.6MNet plan assets, end of year
$49,684Average balance per account
Score breakdown
- Employer generosity19.0 / 5038th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 60th |
| Employee saving | 50th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $29,329 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Watkins Associated Industries put in about $1,977 per active participant, below the typical peer ($2,492). 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.
- 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 | $4,588,620 |
| Participant (employee) contributions | $12,746,229 |
| Other contributions (incl. rollovers in) | $2,908,700 |
| Administrative expenses paid from the plan | $214,800 |
| Benefits paid out | $20,744,815 |
| Net assets, start / end of year | $119.4M / $135.6M |
| Active participants, start / end of year | 2,341 / 2,300 |
| Participants with account balances | 2,730 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moore Colson |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $214,800 reported compensation |
| Fisher Investments | $5,237 reported compensation |
| Charles Schwab & Co.,inc. | $210 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028112154NAL0006153043001, received 2025-10-28, EIN 58-0827847, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.