Wayne Automatic Fire Sprinklers, Inc. 401(k) Review & Grade
Wayne Automatic Fire Sprinklers, Inc. 401(k) Plan and Trust
Ocoee, FLConstruction676 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,516Employer $ per active participant
$6,046Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$86.7MNet plan assets, end of year
$94,422Average balance per account
Score breakdown
- Employer generosity43.7 / 5087th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 44th |
| Employee saving | 76th |
| Peers that auto-enroll | 44% |
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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
- Wayne Automatic Fire Sprinklers put in about $4,516 per active participant, more than the typical peer ($1,672). 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 | $3,052,816 |
| Participant (employee) contributions | $4,086,915 |
| Other contributions (incl. rollovers in) | $161,242 |
| Administrative expenses paid from the plan | $220,115 |
| Investment advisory & management fees | $157,383 |
| Benefits paid out | $4,365,652 |
| Net assets, start / end of year | $75.6M / $86.7M |
| Active participants, start / end of year | 675 / 677 |
| Participants with account balances | 918 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Berman Hopkins CPA & Assoc. LLP |
Largest service providers (Schedule C)
| Merrill Lynch | $157,383 reported compensation |
| Transamerica Retirement Solutions | $62,732 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825130944NAL0013734096001, received 2025-08-25, EIN 59-1824363, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.