Webtpa Employer Services, LLC 401(k) Review & Grade
Webtpa Employer Services, LLC 401(k) Retirement Savings Plan
Irving, TXFinance & Insurance796 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,017Employer $ per active participant
$3,309Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$33.9MNet plan assets, end of year
$62,455Average balance per account
Score breakdown
- Employer generosity4.9 / 5010th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 63th |
| Employee saving | 8th |
| Peers that auto-enroll | 62% |
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 $10,858 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Webtpa Employer Services put in about $1,017 per active participant, below the typical peer ($3,606). 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.
- 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 | $809,251 |
| Participant (employee) contributions | $2,632,072 |
| Other contributions (incl. rollovers in) | $949,069 |
| Administrative expenses paid from the plan | $48,530 |
| Investment advisory & management fees | $10,333 |
| Benefits paid out | $4,075,935 |
| Net assets, start / end of year | $30.0M / $33.9M |
| Active participants, start / end of year | 812 / 779 |
| Participants with account balances | 543 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $38,197 reported compensation |
| Strategic Advisors, Inc. | $10,333 reported compensation |
| Wealth Management Systems Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013114557NAL0001155297001, received 2025-10-13, EIN 75-2611444, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.