Welburn Management Consulting Company 401(k) Review & Grade
Welburn Management Consulting Company Retirement Plan
Woodbridge, VAProfessional, Scientific & Technical Services884 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$179Employer $ per active participant
$217Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 76th |
| Employee saving | 2th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Welburn Management Consulting put in about $179 per active participant, below the typical peer ($3,082). 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 | $157,958 |
| Participant (employee) contributions | $191,856 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $2,140 |
| Benefits paid out | $146,607 |
| Net assets, start / end of year | $2.1M / $2.5M |
| Active participants, start / end of year | 916 / 853 |
| Participants with account balances | 139 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Financial Consulting Firm |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010140352NAL0008273777001, received 2025-10-10, EIN 23-2583869, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.