Wenspok Resources, LLC 401(k) Review & Grade
Wenspok Companies 401(k) Plan
Spokane Valley, WAAccommodation & Food Services705 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$333Employer $ per active participant
$419Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$1.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | neutral |
| Employee saving | 26th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,000 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Wenspok Resources put in about $333 per active participant, more than the typical peer ($266). 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.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $234,757 |
| Participant (employee) contributions | $295,151 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | $70,448 |
| Net assets, start / end of year | $1.3M / $1.9M |
| Active participants, start / end of year | 677 / 733 |
| Participants with account balances | 106 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251013213623NAL0001897969002, received 2025-10-13, EIN 46-1396496, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.