Weisiger Group Inc 401(k) Review & Grade
Weisiger Group 401(k) Plan
Charlotte, NCRetail Trade2,102 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,339Employer $ per active participant
$7,143Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$166.9MNet plan assets, end of year
$68,416Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 54th |
| Employee saving | 96th |
| Peers that auto-enroll | 48% |
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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
- Weisiger Group put in about $2,339 per active participant, more than the typical peer ($743). 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 | $4,917,916 |
| Participant (employee) contributions | $15,018,341 |
| Other contributions (incl. rollovers in) | $3,185,496 |
| Administrative expenses paid from the plan | $312,352 |
| Other admin expenses | $98,350 |
| Benefits paid out | $15,179,425 |
| Net assets, start / end of year | $139.4M / $166.9M |
| Active participants, start / end of year | 1,915 / 2,290 |
| Participants with account balances | 2,440 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $214,002 reported compensation |
| Captrust | $98,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731071307NAL0002888723001, received 2025-07-31, EIN 93-2348456, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.